You can switch your insurer at just about any time and they should refund any prepaid insurance back to you. 

This is a huge plus because it offers liability protection, meaning your personal assets are shielded if there are any legal issues with tenants or the property.Doesn’t Appear on Your Personal Credit: One of the big perks is that these loans don’t get reported on your personal credit profile, so they won’t impact your credit score or debt visibility.

If it is an issue and you do not act in a timely manner AND there is some sort of legal action, then the courts will not look favorably on your response time. 

You should definitely get professional advice all the standards, legal, tax, financial, etc. before you do anything.   

With my background in law, currently studying in Indonesia, and my experience as a real estate agent, I’ve seen firsthand the opportunities and legal considerations involved in such investments.

My posts and reply should not be construed as tax, legal or financial advice.

Hey @Dan Fritschen, To keep things above board and clean, id recommend forming a legal partnership or forming an LLC with ownership over said LLC clearly spelled out and open a bank account for it.

Attend local REI (Real Estate Investor) meetups and consider joining online communities like Bigger Pockets for continuous learning.Step 2: Be Strategic About WholesalingWholesaling can be a great way to generate capital, but it’s essential to fully understand the legal and logistical intricacies.

-based LLC for simplicity, but forming a local LLC in the country of the property might offer legal or tax advantages specific to that location.

Tack onto this, legal fees, preservation, taxes paid, etc and you'll likely be over 600K total judgement.