I can't imagine they would cancel your loans like this other lender has unless they had cause.

These start failing after 50+ years, causing lots of backups and problems.

There can be surprises and damage to the property. 

You can often uncover major things with a little research before you view the property - Ages of appliances, HVAC system, foundation/cracks, plumbing leaks, small electrical things (bring an outlet tester), signs of previous leaks, termite damage etc.

You don’t want someone who could cause legal issues, neighbor complaints, or worse.There are plenty of qualified tenants out there who pay on time and don’t steal.

In some cases, after running the numbers, I’ve even faced potential negative returns, causing me to miss out on promising deals here in South Florida.That brings me to my question: I currently own two homes—one is my primary residence, and the other is a rental property.

- Guest Insurance – Do you require guests to carry their own insurance, or do you use a service like Safely, Proper Insurance, or another option to cover damages?

You are also very susceptible to damage during storms.

Older homes that aren’t elevated could suffer major damage when the next storm hits.Many expect market saturation in the coming months, as flippers are snapping up flood-damaged properties.

Earthquake damage is limited to certain parts of the island (IE Mayaguez and southern, south-west).