Currently I have a regular primary homeowner insurance policy on the house as it was our primary home for the past year.

Last year I would have said buy and hold.

She will never be happy with the heat, she can barely afford the place, and she's regularly late with rent.

I will likely buy with cash and not hold a mortgage. 

The assignment fees then enabled me to roll into other strategies, buy and hold, fix and flip.  

A little late to the gratitude fest, but like @Kerry Baird above, I am genuinely grateful for the old timers here and the new voices as the collective wisdom of this group is something I tap into regularly.

This can be a game-changer for fix-and-flips, buy-and-hold investments, or new development projects.For lenders, it can mean earning higher returns, often in the range of 8-12%, backed by the property itself.

If you will be a large equity partner or if you hold the experience to do the deal, the lender will likely want you on as a guarantor.

We have worked with Investors and they are never really married to their Realtors unless you happen to connect with somebody looking to do a long-term hold and actively trying to find a good realistic deal. 

Usually I lean toward buy and hold but that would be a great profit margin on a flip.