People who can't, or won't, afford to pay up for excellent representation will be gambling with the biggest purchase they are likely to ever make in their lifetime.

Don Konipol that is an excellent strategy!

Excellent post; Do you have any realtors that specialize in STR for the Shennandoah area.

The insurance company may cover some or all of the restoration costs.Scope of Work and Budget:Detailed Inspection: Get a comprehensive inspection to identify all areas of damage, including hidden issues like electrical, plumbing, and HVAC systems.Cost Estimation: Obtain detailed cost estimates for the restoration or rebuilding process from licensed contractors experienced in fire-damaged properties.Environmental Hazards:Asbestos and Lead Testing: Older properties may contain asbestos or lead, which can become hazardous after a fire.

:Jesse makes an excellent point for owning property in a limited liability entity in addition to having liability insurance coverage on the property.

We were told initially our excellent credit would get us our requested amount across 2 personal cards and 2 business cards.

It was really good but nothing you couldn't have gotten if you've read David Lindahl's excellent books.

You have a governmental authority using its power to hinder and regulate private transactions creating some kind of “litmus” test based on god knows whatYou have a seller remaining in a home he sold indefinitely.You have a lender that has twice filed for foreclosure You have a profit sharing arrangement upon resale with the seller/tenantYou’re performing repairs/maintenance on a house while occupied by the seller/tenantAny or all these are lawsuit magnets.If you buy a property, and the seller is a consumer, not an investor, you should NEVER do a profit participation.  

I keep track of everything in Excel and it's not that much work imo.

I've traditionally relied on an Excel sheet, but it's not always convenient when I'm away from my computer.I recently came across an online calculator that seems to provide detailed metrics, including Cap Rate, IRR, and others.