I purchased my Los Angeles (Compton) 4-bedroom home in 2013 for 240K; according to Redfin, it is now worth 686K. 2 years ago the entire house was completely renovated (Insurance claim) due to a burst pipe that caused extensive damage while vacant. 

.- Insurance companies do not typically cover termite damage unless the damage is so severe that it causes a floor/ceiling to collapse.

I want to first point out that the property needed renovation after apparently a storm that damaged the foundation of the home and it took about 7 months and a great deal of money to fix.

Question for agents. What's your take on no more 6% commission and how this will change the way you operate?

That kind of appreciation is wonderful for long term hold investors but it's having a negative effect on investors entering the market. 

By making 2 payments a month, you're effectively paying an extra month of payment every year. 52/4 = 13, vs. 12 monthly payments (one for each month). 2 - if I'm in your shoes I would wait a few months for the dust to settle. you may not know it now, but there will be random things that pop up here and there with owning real estate that you won't get to experience until you've lived in it for a while.

Roofs, flashing, gutters, downspouts, grading all are important things with shedding water off of and away from a house but people often don't think about these things until they have a problem that has caused damage and then its expensive!

It's an extra few seconds and not critical Bu the way, we install these systems and can certainly install an AI phone or similar but IMHO, for a smaller building this is cheaper and effective.

Here Washington State we have no limit perse, but there are strict notice.  120 days notice for an 3% increase in rent which cannot take effect before the end of the lease.  180 day notice is required if over 10% again before the end of the lease.

There are definitely downsides to each destination.Friends of ours, boat builders and lifetime sailors, actually went into the British Virgin Islands post hurricane and bought up damaged boats that they're fixing with a goal of launching their own charter company (which is a similar model to vacation rentals).