Meaning, if you take the money only, you would have depreciation recapture from your cost basis up to the original purchase price of the building (not including the land cost because it wasn't depreciable), plus a capital gain up to the insurance proceeds.Hope this makes sense. 

It frees up your time.  

It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.

Many of the surrounding communitie are up and coming with a lot of developments happening. 

come on now.. we all know these are fake lenders.. its simply not real.longer term fully doc  sure.. 

It takes a lot of time to build up a reputation in the wedding/event space.

Welcome to the community, Randy! 

There will likely be dozens of follow-up calls so don't be discouraged if you can't close someone upon first contact.All the best!

As you may have found in your search, there are lenders that will lend up to 80% of the appraised value on investment properties and don't require an appraisal.Let me know if you'd like me to point you in the right direction.I have not; I'm still working on acquiring my next house hack, but when I need it, I'll probably use a combo of hard money and margin loan.

Happy to talk through this in more detail and good luck with the out of state investing!