It’s a good idea to speak directly with an insurance agent who understands multi-unit properties to customize coverage for your specific situation.

Understand your area some; how is inventory, how is DOM, what is sale to list price?

From my understanding doesn't seem as though it would pass through, rather the fund would benefit and therefore returns would be better.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

It is my understanding that the 5 day notice is not sufficient by certified mail if the tenant never signs for it.

@Frederic BabeuxOn citrus anywhere in the world, make sure you understand "Greening".Same thought on Coconuts, understand "Yellowing".Anyone on Belize, don't invest there unless you have made many trips there and either have an onsite Caretaker or a gated Condo community.

I think most of horror stories came from people who do not understand how insurance system works.

I understand that a GC is suppose to have subs, but this was work I had contracted with HIM, it was not electrical or foundation work that needed to be subbed it was to him and I was under the impression he was the one working.

Of course the listed price may not be the actual rented price, but by tracking several listings for a while you can gain a better understanding of the market.

@Tove Fox - Residential Real Estate InvestingPros:Lower Entry Costs: Easier to get started with less capital required.High Demand: People always need homes, making demand relatively stable.Easier Financing: Mortgages are generally easier to secure with favorable terms.Simplicity: Easier to understand and manage, especially for beginners.Flexibility: You can use it as a personal residence or rent it out.Cons:Tenant Turnover: More frequent turnover leads to vacancy and more management.Lower Cash Flow: Income potential can be modest compared to commercial properties.Emotional Buyers: Residential prices can be influenced by emotions, leading to price volatility.Maintenance Burden: Landlords often deal with repairs and maintenance, which can be time-consuming.Commercial Real Estate InvestingPros:Higher Income Potential: Stronger cash flow and higher returns are common.Long-Term Leases: Tenants often sign longer leases (3-10 years), reducing vacancy risk.Professional Tenants: Business tenants tend to take better care of the property.Valuation Based on Income: Prices are based on the income the property generates, not market emotions.Shared Costs: Tenants often cover property expenses like taxes, insurance, and maintenance (via triple-net leases).Cons:High Entry Costs: Requires more capital or partnerships to get started.Complex Management: More expertise is needed; you may need a professional property manager.Economic Sensitivity: Commercial properties are more sensitive to economic conditions.Challenging Financing: Securing financing can be harder, with stricter terms and higher interest rates.Zoning and Legalities: More complex regulations compared to residential properties.Key Differences:Risk: Residential tends to be lower risk, while commercial offers higher rewards but with greater risk.Management: Residential is easier for DIY investors, while commercial properties usually require a team.Scalability: Commercial properties are easier to scale, offering more potential for significant cash flow increases.