A broker can connect you with specialized lenders who understand your situation and offer competitive terms.2.

It is standard practice and component level depreciation is encouraged by the IRS.Though it is very important to track you time as you go along.

I understand the idea behind buying something new to me then renting out my current home.

Service disruptions can understandably lead to frustration.From my perspective in the self-directed IRA industry, effective communication and responsiveness during transitions are crucial to maintaining client trust.

@Chris Morris have ALWAYS seen bad "deals" from rookie wholesalers that really don't understand what they are doing to provide value to the industry.It's getting worse because the real estate market has recovered from the 2010 Crash, yet many are still using tactics & methods developed during this time.Everyone in the industry needs to go back and look at what was being done BEFORE 2010 and start using those methods, updating them with current technology.

It’s standard practice and an essential safeguard for landlords.Trust your instincts and treat this as a non-negotiable policy.

I post things for the general public to read for a deeper understanding not so much a reply to you

I understand I can increase liability in each individual landlord policy, but one single umbrella policy is much more cost effective when I have multiple properties.

While I understand you want to buy the house, you are at the mercy of those that your relative sold the property to.  

It's important to understand the zoning/code requirements and obtain all necessary permitting if you intend on operating your real estate as STR anywhere in the country.