Condo's usually have high HOA dues which will eat into your cash flow.

Quote from @Julia Lyrberg: Hi Robert,Instead of investing in expensive coaching programs, I’d highly recommend diving into some well-regarded real estate investment books.

The key difference, though, was he spent months carefully getting to know the local architecs, reputable builders, and even a couple of niche design firms that specialize in modern builds for mid- to high-end buyers.

Even if you can find insurance now, premiums will likely remain high, and resale value could be impacted unless the wiring is updated.

Your second property is either a highly leveraged property to round out. your 1031. 

Let’s say your filed of expertise is purchasing c type apartment t complexes and upgrading them to b, then holding to stabilization and once stabilized offering for sale.  

If you have a high level of faith in the company you are working with, then time will do what it is supposed to do and increase your IRR.  

Some of the national data sites have pricing suggestions that run both high and low.

It's too important of a role to be done by a moonlighter whose business doesn't rise and fall on it.- Understand what you value . . . do you want to have a phone call from the PM every Friday? 

Whie DOS lender risk may or may not be high, being ininsured is... well, enjoy your 'asset protection'.