You can mitigate the liability with a $2M GL policy (check with business insurance agent).Good luck!

It was intended as a fix and flip, and our original exit strategy was reached. we bought with hard money then did a refi to convential because repairs became drawn out and rented for some cf to by is time. we ended up selling for 405,000 and our loan balance was 235,000.

Does anyone have any recommendations of advisors specializing in Real Estates, including exit strategies and wealth planning.thank you!

I heard I need to change my insurance as well, is there any other items I need to be aware of?

Depending on your strategy we can help!

It's called The House Hacking Strategy by Craig Curelop.

Strategies to bridge the gap between our valuation and seller expectations2.

Your insurance costs are high in Florida so you would want to hedge toward the middle of the state as opposed to coastal.

It's a bet on the future appreciation, maybe generates enough income in the meantime to pay taxes and insurance, chances are no cash flow. 

Also, title insurance companies are reluctant to insure.