Using an ‘automatic reply’ is not sufficient.

Your primary insurance policy with $300,000 in liability coverage should be sufficient in 99.999% of all lawsuits.5.

Keep in mind with the FHA loan on 3-4 units, there is a self sufficiency test as part of the qualifying portion.

Occasionally there are some that don't ask 1000 questions and are pretty self sufficient, just trying to maximize their time and network, so those may get some consideration. 

@Greg Moore florida is a judicial state so don’t expect foreclosures that soon or in big quantities.

The primary motivators in retaining it and dipping our toes into the rental space are: 2.50% APR and sufficient margin to cover maintenance/capex/vacancy based on "recommended percentages of gross rent."

Since it’s essentially a change in the holding entity, not a sale, a quitclaim should be sufficient.

This should be sufficient to exclude the $2600 termination fee from your DTI, as it confirms the lease obligation is ending.Best regards,Drago

It is the former because people want it now. the problem started when people is buying without thinking of the risk.most people only want to buy the income stream from rentonomics.the problem with basic investors are they do not understand when we invest to equity or even debt is that we are buying the spread actually.in cheap money financial regime, with interest rate of 1% and cap rate of 7% we have positive 6% spread which I feel the risk/reward is sufficient to proper for any rentonomics to run.but we're in expensive money regime now with interest rate of 5% and cap rate of 3-4% (depending on class) so we have negative spread of 1% where it's guaranteed investor would lose money. there's also issue with supply especially in sunbelt.i meant it's not the fault of GP but it is the fault of LP mosty because they do not understand all these risk.when interest rate is high like these, obvious choice is to move from equity investment into debt investment (conservatively of course). when cash could generate s much as money as when we work, obviously we can also try to add more allocation to cash position rather than equity investment.And all of these are actually predictable, when Fed prints gazzilion tons of money during covid, the problem in 2024 is expected to happen.What?

Insurance is sufficient.