Many people in consideration of #2, take steps to protect the assets so that Medicaid cannot take those assets like a home.

We wrote into our purchase agreement that a separate septic agreement needed to be drawn up and attached to the recorded deed for all future owners which protected us and the other home owner,  and will make it easier to sell in the future with that in place. 

Also, take as many pictures as possible before the tenant moves in, again this protects you in case of damage caused by tenant. 

remember, these are NOT conforming loans, so all the consumer protections one might be used to having aren't there.

That protects you from having to sell to  low.

what kind of investment was/is this  a little more detail may protect others if you think this person is a financial predator.  

I was an electrician for over 20 years with my last electrical job being shop foreman for a custom electrical control panel shop and UL 508 specialist.

A lawyer might be able to answer this better, but most rentals fall under fair housing laws (there are exceptions) and that protects against discrimination based on familial status which means children or someone who is pregnant.

It is not an easy thing to run a property when your customers are horrible haha.I recommend student housing with 9 or 10 months lease and run STR during the summer for this property while students are on vacation.

Our actual carriers used to be Secura, but they seem to be getting out of a lot of insurance lines or pricing so high as to have customers drop off, and we just moved policies in Nov. to Hanover Insurance.