Liability insurance covers negligence.

Part or all of the rent is covered by the US gov't (take that as you will).

Thanks they didnt say anything about STR it would be awfulI was wondering how they make money now i knowI dont think the $10K would even cover damage!

This allows you to access funds while keeping your existing mortgages intact.Second Mortgage: Explore lenders who offer second-position loans on investment properties, though rates will be higher.Cash-Out HELOC : While traditional banks often restrict HELOCs on non-owner-occupied properties, some portfolio or private lenders may offer HELOCs for investors.With $15-20K in liquid funds, look for deals where you can negotiate terms:Seller Financing: Negotiate lower down payments or interest-only periods.Subject-To Financing: Assume the seller’s existing mortgage while covering the down payment.Lease-to-Own: Lock in the purchase price while using rental income to build equity.

You'll have proportionally less upside and thus less room to cover errors and overruns on a project with a new team you'll be far away from. 

Big, covered, outdoor living areas also appear to be a winning amenity for each home. 

You need sufficient rental income to cover your expenses, or you bleed money. 

I can only come out of pocket to cover mortgage so long.  

Hypothetically, if I found a property with strong rental demand, the income could cover loan payments, operating expenses, and generate a modest positive cash flow.While this example involves upfront risks, the idea would be to leverage my father’s expertise as a contractor to minimize renovation costs, boost the property’s value, and create a long-term asset that appreciates over time.

Also many other Counties in non-covered States also include it.