A landlord would.d have to be very lucky indeed to own a property long term and never have a tenant do more damage than the security deposit amount.

Quote from @Gregory Schwartz: I’ve been reflecting a lot lately on the difference between being wealthy on paper and feeling financially secure day-to-day.We currently own several rental properties in Bryan and College Station, TX—most of which don’t cashflow much, but they at least break even, occasionally allowing us to make improvements like new siding, stairs, or converting a unit to an Airbnb.

When buying property the expectation is to get 100%… whether to move on or not will depend upon how easy it will be to locate that interest-holder and secure their signing. 

Since you run your own architecture firm, you might be able to secure a business credit line based partly on your firm’s financials and the fact that you have real estate assets.

The underwriter secured a lender that was willing to accept the existing X-Wind policy, which excluded windstorm coverage.That original lender subsequently sold the loan to a new lender.

The advantage is immediate rental income and avoiding the time, expense, and uncertainty of securing a new tenant.

The lender will allow you tap into 65 CLTV on your SFR Rental (You owe, $250,000 so that will leave you with $270,000 in allowable loan proceeds) The lender will use your SFR as security along with the new purchase of the $700,000 SFR.

A policy loan is a loan from the insurance company that is SECURED by the cash value in the life insurance policy. 

I like to rent to people with security clearances for my properties in NOVA. 

When I finally got the deed, I went to break into it and secure it for myself.