We created an open concept kitchen to open the space up, added a new rear porch, removing the enclosure and fully renovated the interior.

It creates a new mortgage around an old mortgage. it's like seller financing when you have a loan in something.

However, Allstate is capping their landlord insurance at $750,000, which creates a coverage gap I need to address.I’m looking for options to add at least an additional $750,000 in coverage and am wondering if anyone has experience with Difference in Conditions (DIC) coverage or Excess and Surplus policies.

Once you can define what you are looking for then you can create your "Buy Box". 

With a 9-5 job too busy to catch a breather, being that it will be my first rental property would you recommend finding a property management company to oversee the investment property OR create a profile on a property management platform, I am thinking about Avail unless there is a better platform, to collect rent and hire specialist as issues arise from tenants?

Given the complexity and IRS risks, consult a 1031 exchange specialist to ensure compliance.This post does not create a CPA-Client relationship.

Hopefully, if you are reading this, you will not be lured to actually invest without diving much deeper into how any capital raiser or direct sponsor actually goes about creating that return. 

If real estate is involved, separating it into its own LLC before the sale can simplify the process and make it easier to leverage a 1031 exchange.This post does not create a CPA-Client relationship.

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If there is a way to create a solid master bathroom while implementing another en suite with some kind of bathroom variation, I think that would be what I would do.