As new vacation rental owners I think our biggest concerns are liability and the potential of loosing everything to a hurricane.

Had we scheduled the closing in the morning, there would not have been an issue.The only potential upside is that a disaster area declaration triggers changes in mortgage rules that could beneficial to the buyer. 

Regardless of your approach, forming an LLC is the smartest choice for protecting yourself from potential liability caused by the numerous tenants you will be hosting in your property.

However, I disagree with your comments that the investor buyers who buy these homes have a greater appetite for risk and know the risks that exist.

@Adedotun Kembi Most lenders will only lend a total of 65-75% on a rental and at much higher interest rates due to the higher risk.

For a 203k loan, you’ll want to target areas that have properties needing work but also a strong potential for appreciation after rehab.

So its just very physiological warfare against these potential students.. sell them on futures  paint a rosy picture tug at their heartstrings get them all motivated to spend money then let the go at it..

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

By targeting properties with value-add potential (ADUs, duplex conversions, rent-by-room setups, etc.), we’ve helped investors get much closer to breakeven.

In Collin County, consider properties with strong appreciation potential in areas like Plano or Frisco.