Or just another bread and butter rental to provide retirement cash flow.

Please note the information provided below is a layman's definition designed to provide a basic understanding for the general audience.

But the reality is unless you are groslly negligent, insurance would cover 99.9% of any lawsuits.Note not an attorney just providing my 2 cents.

If not, you will need to really sharpen your presentation on the benefits you will provide to the owner.

For any requested repairs etc. during this period when you are trying to evict them you might consider providing instructions to deliver requests only in writing perhaps to email or a google voice number.  

Many HOA's have approved vendor lists or at minimum require insured vendors who provide insurance certificates.

This should provide sufficient operational reserves and the ability to fund initial construction draws until bank draws are released on work progress.

How CIPS Has Helped Me So FarAccess to a Global Network: Through my CIPS connections, I can collaborate with real estate professionals in key markets such as Dubai, Portugal, and the Caribbean, where I see strong investment potential.Understanding Foreign Markets: CIPS training provides insights into market trends, regulations, and transaction structures that differ from domestic deals.Opportunities for Investors & Buyers: Many international buyers are interested in New York and Long Island properties, while U.S. investors are exploring opportunities abroad. 

I think market auctions are better for newer investors because you're able to see the inside of the property and the property will be delivered vacant.If you win you will have to provide a deposit that is held in escrow until the transaction closes.

I provide value as an agent to more than just primary home buyers.