Your CPA's assertion that the insurance proceeds won't be taxable if reinvested entirely into the property is accurate; however, it's crucial to address the issue of depreciation and potential partial disposition separately.A partial disposition allows for the recognition of a loss upon the disposition of a portion of a property.

This peace of mind was crucial for us and we may not have entered the landlord world if we wouldn't have had that peace of mind.

Hi Scott,It seems like you’ve got a strong understanding of creative financing and investing strategies, but I do have a couple of comments and suggestions that could help you improve future deals.First, while your financing structure was incredibly effective, it’s crucial to always account for potential delays in renovation and build in a buffer for holding costs.

A HELOC and a Home Equity Loan are the same thing.I have an excellent residential mortgage broker who can help you with this, he's based in Orange County. 

However, they don’t offer on-the-ground management, restocking, or property maintenance services that are crucial for remote owners.

Diving into market analysis is a crucial step, and here’s how you can start:Begin by assessing economic indicators like job growth and unemployment rates.

You are trying to compare oranges and potatoes, this is not appropriate here.

I built half a dozen new builds around Orlando suburbs I know its apples to oranges with apartments but my brand new 3 and 2s rent for 1700 to 1800. 

I am curious to know if the proximity to Pennsylvania itself is a crucial factor in renting out the property, or if it would be equally viable to invest in an area further away from the city (with a 1-hour commute time, as opposed to a 30-minute train ride from Haverford).I would greatly appreciate if anyone could provide information on the actual rental prices for an average 3-bedroom house in these areas.

Knowing when due diligence should be completed or when the contract needs to be extended is crucial for avoiding costly mistakes.