Make sure you know your exact insurance costs with a specific STR policy that has general liability as well.

My career before REI was as an IT project manager at an insurance company.

Make sure you get the right property insurance policy. 

The caretaker would be required to assume paying taxes and insurance plus upkeep.Both units need a fair amount of work prior to being rentable now that it’s been vacant so long.

Talk to your insurance provider to see if this qualifies for a claim.

Utica National Insurance Group is the one going for $1300.

I sent an email and he acknowledged that the listing has been removed from MLS and that the listing agreement has been terminated…Looking at the listing agreement contract, it states that the “contractual obligation shall remain in full effect unless terminated by mutual written consent by all parties”.Is there a specific form that needs to be filled out or is the email acknowledgment enough?

It's a gateway into the investment you actually want to make.I'd recommend you put yourself in a position to take advantage of a REIT exit as an OPTION, not an OBLIGATION.

However, the percentage varies based on factors like location, property age, condition, and expenses such as taxes, insurance, and interest rates.

Similarly, using services like insurance back office support can streamline operations.