What is as important is that you require the insurance to be issued with you as the landlord as "additionally insured." 

Amongst other issues selling will cost you at least 6%.

With this in mind, if you intend to leverage short-term debt (hard money), it's even more vital that your underwriting is thorough and that you have the correct systems in place to tackle potential issues.

Quote from @Jason Burkart: Quote from @Linda Weygant: A few issues come into play on this.1. 

Apologies if it is long, but I have been going back and forth on this issue for a while and would like some input. 

Covering the mortgage isn’t an issue, but I’m considering factors like: Multi-Family: House hacking would help offset costs right away, but I’d likely need to put money into renovations upfront.Single-Family: Easier move-in with no immediate renovations needed, plus potentially lower tenant turnover once I rent it out For those who have been in a similar situation, what did you choose and why?

I've been a real estate investor my entire life, doing my first deal as a senior in high school ($5,000 mobile home).

But in reality, holding on too tightly limits growth, causes burnout, and actually costs you money.Why Letting Go Helps Your Bottom Line✅ Frees Up Your Time – Instead of handling every single tenant issue, you can focus on strategy, acquisitions, and big-picture decisions.✅ Allows Specialists to Do Their Jobs – A leasing agent will lease faster than an investor juggling 10 different tasks.

We agreed to address the issues left by the previous tenant and you did not want us to handle it.

They’re making sure they are aware of anything bad happening or issues they need to be aware of.