The only thing, you'll need to refinance later to get rid of the insurance premium because of the lower downpayment.

Triple Net leases allow the Landlord to pass Operating Expenses (primarily comprised of Property Taxes, Insurance, Common Area Maintenance, Snow Removal and Property Management) directly through to the Tenants of the property on a pro-rata basis. 

This can be a real money-maker, but you need to know what the risks are, how to mitigate them, how much to charge for rent, insurance requirements, and more.Honestly, the couple relocating sounds like the best option.Here's a tip: don't reject applications just because someone else started one.

This profitable transaction showcased our efficient investment strategy and the strength of our partnership with Seth Choate.

This profitable transaction showcased our efficient investment strategy and the strength of our partnership with Jamari Sprueli.

I’m also 99% sure most lawyers have some insurance to cover such situations,  Errors and omissions insurance?

Does this overall strategy sound like a good idea?

Then I will rent out the entire house the next year.Could you please recommend someone I can contact to get an insurance quote? 

I need to change my house hacking strategy in the Bronx.

A few things with this strategy, He is going to be retired, so he would need to be able to qualify for the new purchase using his retirement income on an investment property purchase.