There many mistakes an investor can make to lose money.The 2nd is a economic contraction causing a lose in value such that the investor cannot continue to hold the asset through the contraction.If your goal is to simply limit risk I would go with passively investing in a syndication.

(That would appear to cause a double claim of the expenses)Finally, regarding the $30,000 in improvements.

Absolutely find out what is causing this repetitive leaks, is it a foundation issue?

More than likely, the interest rate is going to rise, causing that mortgage to look very similar to what you assumed it would be at the moment. 

Yeah I understand what you are saying cause I trade stocks on a daily basis so I wanted to get into real estate.I would like to rehab properties and rent them out cause I like the idea of adding equity to a property so basically I want to do the brrrr strategy.But it was pockets of Jacksonville I would like to know we’re to investThanks

Many foundation problems have water as a root cause - be that infiltration in a crawl space, drainage around the site, cracked sewer line or water line.

You can endorse certain uses on the Homeowners policy but other uses may cause him not to be renewed.

Before I cause an issue, I figured I'd ask how it was done in Kentucky..... 

Thanks Marcello for your feedback; greatly appreciated.Buying on my name and transferring to an LLC would be my preferred approach, but I have been concerned about the lender executing the "due on sale" clause, and causing more trouble.I have quotes from Foremost and Proper and they are both tailored to STRs - or at least Proper's is, I need to double check Foremost's.Thanks again!

Dont let their short timeframe cause you to make a bad decision.