It took a few months to correct it but they finally did.

My dream is to achieve financial freedom through multifamily rental properties and live life on my own terms.Recently, I have been reading one book after another, trying to absorb as much information as possible, and am extremely thankful to finally find this amazing community.

Would love to hear your experience.We did not end up finalizing the deal.

My rental condo in Asheville, NC was spared damage from the flood, but when the city finally turned the water back on a few days ago, they somehow overpressurized and blew out a fitting inside a wall. 

So if it's 1yr commitment, use that and assume after that it's over and base analysis on what you'd have to do to make it market tenancy. 

Okay, we can't expect unsophisticated neophyte investors to utilize financial analysis, risk management, Monte Carlo simulation, etc to mitigate risk.

Far too many get stuck in the "paralysis by analysis" stage, thinking they just don't know enough to get started.

There so many answers here I'll just drop this thought you can think about.....It all depends on how hard you want to gamble when that large insurance claim finally does happen.Lastly, you want Waivo for small damage claims not your homeowner's insurance.

-The right “who” will be lucky if they finally figure out the right “how” before parting ways in frustration.

At the end of the summer of 2024, finally got permits approved.