It's normally the desire for immediate income that steers most investors towards bad investments because they are hyper focused on cash flow which is often portrayed differently in spreadsheets than in real life, and should be a consideration but not deciding factor.

Plaintiff's attorneys are normally after the insurance money and they are generally making their decisions on who to name, add or remove from complaints based on that. 

@Mary LopezYou could use a DSCR commercial lender which will allow you to close in an LLC with 30yr fixed options and better rates than normal local commercial lenders.

My kids went through this around the same age and still have an interest.Teach him financial literacy and include him in what you are normally doing.

Get a B class property with a normal tenant.

The client was willing to gamble on furnishing for STR over LTR route and we were good for 3.5 years, then one day the man came and shut it down. 

However going into what is normally the slow season, I am concerned about occupancy. 

Normally, they negotiate with the company and advise you on the loss. 

So all of the people I ever had paid one bill on the first of the month like a normal renter did, but technically they were on a week to week schedule for eviction purposes. 

And yeah, 15-20% was what I was normally seeing as far as an overrun which is where the contingency came from.