My question is do I go forward with purchasing the property and deal with the higher insurance and potential hazard or is it smarter to walk away?

We are being conscious of property tax on a vacant piece of land (our potential liability) as well as the potential capital gains taxes (their potential liability). 

Hi my names Jordan, really coming here to potentially get in contact with people who have been or are in similar situations.

Usually that means that they have hard assets that can be liened and potentially sold to pay off the debt.

Lots of growth and appreciation potential.

I'm doing research for a potential Air BnB property in the Covington area.

I have been living where i am now since 2022 I don’t want to ever sell it because its in a good location and it has potential to be a great rental investment i just don’t want to lose my interest rate by leaving and renting it out i have heard that your mortgage can be called due by doing that.

Conducting a thorough property inspection or consulting a contractor can help identify potential large-ticket items you might need to replace soon.For make-ready costs, you can look at local averages for common turnover tasks like repainting, carpet cleaning, or minor repairs.

OPI would assess your fire potential first.  

Case Study: A Successful Joint Venture in Real Estate - An investor identifies a distressed property with high potential but lacks the funds to purchase and renovate it. - The investor partners with a private lender who provides the capital.