Does the operational company already exist and have income history?

As Charlie Monger once said: our operating assumption is that the USD is going towards zero. 

We feel this encourages/trains good payment behavior:)We have several MoveIn Specials owners can approve like, free TV, Washer or Dryer (used), etc.Our main goal with MoveIn Specials is to stand out from our competition. - Just lowering the rent really doesn't do that.

We're relatively new STR owner/operator in Highlands and have been very pleasantly surprised with demand even outside the peak summer season.

Because with an HOA in tow that means your not doing it alone, you have active "partners" who will be taking care of a slew of things so think of it like training wheels. 

My job is to thoroughly vet the operator, analyze the market and analyze the deal - then I send the wire and my job is done. 

Operating your rental like a business is mandatory to protect you, your ROI, and your property.Hope this helps...

Operating in the Luxury SpaceWe focus on properties in the $1.4 million to $1.9 million purchase price range, which allows us to sell finished projects in the $2.5 million to $3 million range.

But the "art" really only comes with time in market and a deep understanding of both the market and the operations of assets.

Or is it a situation that the company insuring the property has not obtained appropriate licenses to operate in Ohio, therefore I won’t be covered in case of a disaster?