Could you elaborate on how you arranged that (legals, title?

thats all how you feel about karma. they didnt cancel when they could have gotten refund and sounds like they didnt get travel insurance.

The way I see it, cash flow is insurance to my investment.

I have also reached out to some of the real estate companies for information on insurance fees and rental company costs that go into the monthly operations of apartment buildings.

Does anyone have any referrals as to insured companies that can rehab the property as well as keep it secure while rehabbing?

Looking into cash-out refinancing and DSCR loans and all of that but I'm getting ahead of myself as I don't even have the 1 yet lol.Nobody in my family has any experience with this sort of thing so I'm just hoping someone can give me their opinion on if this investment makes sense.The home is currently being rented for 2900 total (all tenants are month to month and have been there about a year each) and my monthly costs would be 1,200 included taxes, insurance, mortgage etc.I am considering putting the home on section 8 because the fair market rent would make my monthly rent 4k+ but I'm weighing the pros and cons on that avenue.From what I understand the biggest costs to me as a home owner would be a new roof or fixing the pipes for any reason..

Will we need liability insurance acting as the GC?

@Jackie LinneYou need to consult some qualified professionals, e.g. accounting and legal...With Title in your name, how/what is the LLC renting out your property?

Plus, it needs to be insured.

Very few folks at BP have had true training in Mortgage Origination, Probate, BKs, Divorce, Wraps, AITDs, CFDs, Lease Options, Title Problems, Sub2 and Land Trusts, negotiating with the seller, DOTs and Mortgages, subordination of notes, substitution of collateral, etc.