Options - collect full payment for the 3 months up front and lower the deposit to secure against damages only, require insurance.

The insurance payout also impacts your taxable gain.

You'll want to ask about their experience, read reviews, understand their availability, pricing, insurance / bonding, and how they safeguard their funds. 

I am a firm believer that if someone raises money they should have some sort of experience and also financially have a strong foundation themselves.

I have home owners insurance should i buy another landlords policy as well?

I just can’t imagine how everyday people spend this much money on pipe.I don’t think insurance covers any of the foundation repair, also wonder if insurance will cover any of the sewer line repair work?

And a debt note is only part of the cost of owning a property; not paying taxes will get a property foreclosed; not paying insurance can present huge exposure to damages.

To thrive in real estate investing, you must maintain a firm grip on your finances.

Assuming you sold the home at the end of 5 yearsYour NET ROI would be:0% appreciation: 10.93%1% appreciation: 12.13%2% appreciation: 13.33%3% appreciation: 14.53%This ROI calculation takes into account taxes, insurance, selling costs, repairs (calculated at $3500) through out the lease.

., We were over a decade without insurance, and when I refinanced and insurance was needed, I had no trouble getting insurance in place.