@Kyler Tarr it's good you haven't had an issue but you also mentioned your property has some knob & tube.  

Bananas and coconuts have similar disease issues.2.  

I wanted to get your take for the Bristol TN area.Thanks in advanceChris Your biggest issue would be having available options after a claim.

As far as financing, if you have real CF then it shouldn't be an issue.

Try this link: Publication 5653 (6-2022)

The family purchased a lakefront property in a nice area three years ago but then ran into a series of issues, and have abandoned the place because of them.They are hoping the bank allows a short sale (asking for roughly $20,000 under what is owed)Here's what's made them so unhappy:Anytime they used the laundry it was dumping into a dry well, which would back up into the house forcing them to take their laundry to a laundromat instead!!

Quote from @Leah Miller: @Justin LandesmanInsurance has been bound for weeks already so that shouldn't be an issue. 

It’s not just for large portfolios, an LLC can protect you if any issues arise with tenants or the property itself.

She claims that it's because of the deposit, but when I gave her a link to a gas company that doesn't require deposit, she cussed me out and wrote that I wasn't allowed to tell her which gas company to use.

Once you’ve got a little experience under your belt then you can attempt buildings that need more renovations/repairs or have had management issues.