Any company insuring your properties without an inspection most likely has a clause buried deep in their policy allowing them to deny claims for conditions found on the property that do not meet their UW standards and they will deny you claim based on "the house should have not been insured with them anyway".Although the inspections can be annoying look at it from the other side.You pay them 1000 to 3000 a year to insure a rental property where they agree to pay out possibly hundreds of thousands of dollars if it burns down or up to 1 million if a tenant slips on a bananna peel and falls down the steps or the tenants dog bites someone and since you didn't enforce the tenant having their own renters policy to cover the dog bite the landlord's policy is paying out.The insurance company is very much like your rich uncle backing your business venture - you run the business, he takes on the financial risk from disasters, and doesn't even get a say in who lives in the property.Your rich uncle asking you to fix the steps, put up a handrail, etc which is in your and his best interest long term.Do you really want to rent out a property with a busted front step and a bad roof that is going to leak sooner than later?

STRs are traditionally seen as a lot more work than LTR because of the guest turnover but with tools that use AI to automate messages and send guests smart lock door codes at the right time...short-term can be almost as easy as long-term. 

In a “subject to” transaction the parties have additional risk higher than a traditional sale.

@Rich Albert This law allows property owners to turn the property with the ADU into a condo building, with an HOA to manage common areas such as driveways and such.  

It’s a matter of cash out refi vs. traditional refi. 

Hi Team, Looking for feedback and ideas on how to leverage equity in a 3 unit building without doing a cash out refinance? The rate on my mortgage is amazing (low 3'%) and have no plans to lose that. Is anyone savvy o...

In a light cosmetic flip, what are the advantages of purchasing builders risk insurance over using a traditional homeowners insurance policy? 

Hello all, I’m just joining after reading the BRRRR book and am looking forward to learning more! I’m currently looking for some advice on purchasing my first full time investment property.I bought my first primary ho...

.), the appreciation makes you wealthy/rich. 

Read Rich Dad, Poor Dad.