On top of that, many policies have become more strict (especially in the last few years) with replacement cost language because replacement cost estimates did not keep up with inflation for a period of time AND/OR replacement costs on many older properties had skyrocketed so it made more sense to calculate replacement values with functionally equivalent rather than exact materials.

This is the tenants responsibility, period.

The seller must think he is sitting on a really hot property, or the buyer is asking for too long of a DD period.

I can see someone looking at and buying the rest of the assets.

I would still set aside money for renovations that are need based if you do that and use the rest to invest.

Additionally, Airbnb income during this period could generate steady cash flow, though market conditions and regulatory risks should be considered.

Also I can start with 50K inital investment rest is financed & maintenance will be free for first few years is what he said.I have seen some very bad reviews for the old Clayton Morris firm but not many reviews for the new Josh Gilmore (josh@sdirawealth) SDIRA wealth firm.Has anyone done recent business (2023 or 2024) with SDIRA Wealth?

I rent to one couple or small family for the full rental period - no less than 2 months and no more than 3 months.

Shop LTV (or cLTV which is combined Loan To Value, basically your first mortgage and 2nd mortgage combined loan to value), rates, payment terms, time to close,  and draw period (how long you can go into and out of your heloc). 

Keep in mind that they can increase that period if they get complains from the community, so make sure you're in good relationship with your neighbors.