Insurance protects your property from paying out of pocket for damage, plain and simple.

Retired Air Force looking to expand my retirement portfolio into real estate. 

I use a channel manager (OR) and it has damage protection built in.

Let's clarify the air-conditioning equipment.

To me the biggest issue with out of state investing and long term rentals is that you have to deal with property damages and/or evictions. 

So the seller cannot go get another loan for a car, house, apartment, etc. so it damages their credit by stretching them too thin.Am I missing something? 

Hello,One of my single family rentals that is outside of Atlanta, was heavily damage in a fire and most likely would require a full rebuild. 

.🔹 Property Tax Relief – If your property is severely damaged, you may qualify for reassessment and potential tax refunds.

I would only ever consider this if the ceilings are already falling down or damaged.  2.

Sellers may struggle to mentally shift from "owner" to "tenant," which can create challenges with boundaries and property care.Security Deposit:If you’re doing a temporary leaseback, be sure to collect a substantial security deposit to cover potential damages and ensure they vacate on time.