It doesn't cover any loss of income due to your rental being repaired.

Quote from @Neeta Agrawal: For context, we gave the tenant a 60-day notice for non upkeep and no repair communication in 2023 and then extended it for 30 days upon his realtor's request, setting the move-out for May 31, 2023.

For BRRRRs, make sure to focus on accurate ARV and repair numbers.

The DST is losing $ due to upkeep costs (foundation, HVAC, normal repairs, etc.).

I feel like marking up repairs is paying twice.

I’d like more information on the DCSR lenders if anyone has specific recommendations.Also, if anyone needs advice or repairs/ replacement on plumbing feel free to send me a message! 

It couldn't hurt to call a couple attorneys right away to see what they say in terms of cost and suggestions for dealing with this quickly.In terms of mitigating any legal issues with your tenant be sure you are documenting every conversation you have had with the HOA in terms of asking them to make the necessary repairs.

If it's not you - you are going to be paying contractors (most likely) retail repair rates - and with the prices of housing (even dilapidated housing) pretty high right now - I would say that flipping is not the easiest "in" to the market.  

It was in rough condition, which limited competition and made it a strong candidate for the BRRRR method.Negotiation: After analyzing comps and repair costs, I negotiated a $420,000 purchase price, which was below the market value for similar properties in the area.

During those 10 days, if they find issues they want repaired, compensated for, its negotiated.