Errors & Omissions (E&O) insurance isn’t legally required but is essential to cover claims of professional negligence.In Maryland, the requirements are similar.

It sounds like they covered 1/2 the upgrade.

As for the areas to target, my goal in getting our feet wet as real estate investors--and since we plan to be living in Sac--is to find a property we can live in while renting out one or more units to help cover our housing expenses, which we can then hold and continue to rent out when we move.

Quote from @Jared Haxton: Hi BP Community,I own a 2-bed/2-bath condo in Prescott, AZ (near Embry-Riddle Aeronautical University, hospitals, and medical facilities), and I’m exploring selling it via seller financing.

To cover renovations, I secured a $60K hard money loan, allowing me to improve the property without a significant initial investment.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

My goal is to house hack to help cover my mortgage and possibly generate some extra income.I’m looking for advice on:1.The Destin Market•What should I know about buying property in Destin?

Partner Driven provided 100% of the funding, covering the $160,000 purchase price.

They usually have a process for filing a claim with the city for damage caused by them, and they may be willing to cover it.

you said "rent covers mortgage." you need it to be significantly higher than the mortgage to cover all the expenses you are going to incur.hope this helps...