Coastline properties tend to be less desirable due to flood plain, lots of severe storms, and high property insurance costs.

Recently started a new job in Plain City.

Land $10,000, due diligence / soft costs $3000 (oversees architect and engineering), $1900 to remove from flood plain / get survey, the house is 700 sq ft which the floorplan is below.

Now that the city's below sea level flood plain is common knowledge and it costs an arm and a leg to insure those buildings its not desirable anymore. 

However, title can be “clouded” many ways, including heirs who never registered their rightful interest (usually when someone dies without a will), spouses never formally divorced, common law marriage situations, children born out of wedlock, incorrect survey information, Sheriff and tax sales misidentifying multiple parcel situations, partial property rights transferred such as remainder estates, tax liens unrecorded, incorrect county identification due to changing county lines as when a river redirects, and of course plain old error in the property description copied onto the recorded warranty deed.  

Obviously, you must find an insurance agent who communicates well and can explain terms and policies in plain English.You weren’t specific with your question but there are two types of insurance you need, Title Insurance and Property Insurance.For Title Insurance we require a lender's title insurance policy for 125% of the loan amount, a 2006 ALTA policy or 2021 if available, and various endorsements.

You cannot simply buy a house, all white walls, plain or no decor, boring photos, the listing you create not maximized and just because we bought a house think we are then entitled to bookings.

Some of their UW on insurance and tax are just sucks or plain wrong.but i still see some apt is being offered for DSCR 1.8x in Y1 in the T1 before value-add, that one i'm bit comfortable.these days i prefer to invest in boring city (fresno , MN, south dakota, montana,etc), not too many cowboy operators in those place.

You'd likely run into IRS "personal use" rules that may limit how much of the expenses you can deduct and/or the timing of when those deductions could be realized.See:  https://www.irs.gov/taxtopics/tc41A CPA could explain how it would really work in plain English :)EDIT:  If you had 12 of them, lived in each one for 30 days/year, and rented each out at fair market rent for  300+ days per year, sounds like you'd be golden!

I’m the property owner and wanting to see if what I’m dealing with is “legal” or illegal (just plain unethical) We called a “we buy houses for cash” company out of Colorado.