In my experience, many insurers will cover the house but not the roof, ensuring you have protection against fires, broken water pipes, falling down the stairs, etc.

So you have to spend a significant amount of upfront money to remodel and often times build a pool.

The cabinet under the sink had water damage to the base, and I have the option of just repairing that and painting the inside of it.

Couldn't get the water turned back on without an inspection.

Hey Renee,Pros include guaranteed rent payments from the government, a large pool of potential tenants, and potentially lower vacancy rates.

The more you can put down typically the better. you also though want to make sure you have enough money in reserves for rainy day - such as a hot water heater breaks or something.

Quote from @Bryan Waters: I love the ADU play. 

As someone who lived in Satellite (behind the CVS beachside), I will say the upkeep with the salt water was tough, but the area was phenomenal. 

Which makes it a good candidate for medium term rental, it includes a pool and tiki bar as well We r planning to buy another primary Residence under both our names or my wife's name  using FHA .

Pool was close behind in most categories.