Every adult should be fully screened to ensure you aren't renting to a violent criminal, drug dealer, etc.

I understand why carriers associate Condo/PUD construction with greater liability risk (I am sure being based in Philadelphia, a jury friendly city doesn't help either) but curious which carriers others are finding to price coverage without this exclusion and also price the coverage competitively.This also serves as a reminder to review the coverage when you hire a GC for more substantial or unique construction assignments. 

I almost exclusively sell bank foreclosures for a large asset management company, and I also do a lot of marketing for wholesale deals.

I have bought 2 rental properties and seen other realtors, and I have never once been presented with an exclusive buyers agreement.

Just be mindful that you can't 1031 a personal residence but it might be eligible for capital gain exclusion from section 121.

For 2024, the annual gift tax exclusion is $18,000 per recipient (rising to $19,000 in 2025), and amounts above this require filing a gift tax return (Form 709).

@Tyler Condon I manage a few properties in the greater Phoenix, AZ area that are adult 55 plus and have great success with them.

I am a little late to the game and have been told several times throughout my adult life to invest in real estate, but I ignored the advice.

In my experience, a large percentage of them are fully functional adults that refuse to take personal responsibility for their lives, which is why they are receiving free rent from taxpayers instead of working for a living.

Any amount above the annual gift tax exclusion ($17,000 for 2023) counts against your lifetime exemption.