I've been listening to the BP podcast, listen to several RE investing audiobooks and watched numerous videos of investors talking about investing so it is safe to say I have a certain level of understanding of how the game works.

Paying cash is safe and admirable, but it totally takes away this strongest tool of real estate investing.If I asked you if you could figure out a way to earn a higher rate of return than 7%, then you should be pulling equity out and rolling it into another.

The honest answer is to be on the safe side, the property you're referring to: GC524550 2811 SW ARCHER RD, #V-177, GAINESVILLE, FL 32608 in the Brandywine neighborhood is one of the condos that are not in a good financial situation.

It is a very safe play.

Make sure they feel heard and assure them you will do in your power what you can do to make sure they are safe.

In addition, as others suggest, guest damage insurance such as proper or safely would be good, for those bookings off Airbnb/vrbo where guest damage coverage isn’t available. 

Those that just make a ton of cash from owning their business or from their job and want to invest into SOMETHING SAFELY instead of sitting in a bank.

You definitely want to have the right insurance and make it as safe as possible IMO.

However, the property must be in a safe location, which is sometimes further than 5 miles from the hospital.

I have Mutuals and Indexes- I have always played it safe, however, I've waited way too long to invest in Real Estate.