Hey, Im new to the platform...but Im looking for the best software to find probate properties and also to farm owners that have 5 plus properties. 

.: Good afternoon BPers🫡,Will property insurance pick up the tab on something like vandalism or does the policy have to contain some type of clause built in regarding this matter?  

@Dan AudinoFor path #1, is your eventual goal to rent out the property?

Since we will be investing remotely, we plan to work with a property management company to oversee day-to-day operations.Does this sound like a solid strategy for a first investment property?

I have 250 agents in my market and half of them have only sold 1-2 properties.TIP: look for a property manager first.

Do the math and see if an ADU is worth the cost and effort.https://www.biggerpockets.com/blog/rental-property-cash-flow... 

Congrats on taking action to get this first property under your belt. 

I would like a book or program recommendations in order to learn how to purchase and manage the extended stay hotel.

Some general pros v cons - I'm sure other people will provide other insights as wellPros: -Above market rents- Monthly rent payment on time that you don't have to worry about or chase anyone down for (if full pay)- No shortage of tenants depending on your standards - Tenants are incentivized to not trash/destroy the unit, otherwise they'll lose their voucher (Yearly inspections made by local S8 inspectors to keep everyone honest- Rental payouts are normally adjusted 1-2 times a year to keep up with market rentsCons:- May take a little while to get onboarded - dealing with local govt can always take longer than expected   - Generally won't have a super high credit score (to be expected given it's the govt paying for rent)- Each unit will need to be inspected and meet a certain living standard in order to be approved for fundingYou'll want to make sure you work with a property manager who has extensive experience in working with S8. 

I plan to manage the properties myself until it conflicts with my regular job.I would appreciate any advice on these markets to ensure success and connect with local investors.