I am asking because I bought a 6 unit last year in Newark Nj which was fully occupied the cash flow was  great when I bought it , but I did not realize 5 of the 6 tenants were on TRA ( temporary Rental Assistance) so even if they each had 6 more months on their  1 year lease their TRA was all expiring the following month after I closed.

Seems like who can boast the most about their Midwest location...LOL6 professional sports teams, regional health care center in a 4 state area, federal reserve is up in KC, more shore line on lakes than the Pacific coast in Cali, oh, and I live in the area, LOLHere's an odd stat, most who moved out of MO a few years ago moved to Cali and then, most who moved out of CA moved to MO, guess they decided to come back.....actually not, more moved out of CA and came to MO.Center of the US population is about 50 miles east of me.To housing, it's pretty affordable, tons of 3/2s 90 to 120K, but you can certainly go up, one of (or the) largest home owner occupied is about 10 miles south of me, some tech billionaire building a rock castle.Look for a diversified economy, health, education, manufacturing, tech, financial services and retail to drive your economy, pretty well in that order and growing here.I also think we'll see much smaller less expensive homes built in the future especially in more rural areas, post WWII tract houses, 1,000 - 1,200 sq ft.

There are lots of other ones all up and down the North and South Shore as well.

Account Closed Since you're off-shore remote, it might be a good idea for you to look into partnering with an investor(s) who is local to the market(s) you're interested in. 

We were down in the creek area cleaning up debris a month or so ago and that's when it hit me that erosion could be a problem.We have bids from a couple companies that specialize in erosion control such as this to shore up the wall. 

What do other landlords think about my obligation to pay for temporary housing (i.e. hotel room) for the tenant while the unit is being repaired?

It would cost $10,000 to $20,000 for a temporary fix.

It looks like an attorney was assigned as "Personal Representative"/Temporary Conservator, so although I am not 100% what that means but it seems like someone was appointed as fiduciary.- looking at public records and liens it looks like there might be a rather large HUD second mortgage on the property also (I would think at least 70% LTV)The case is listed as closed since last month but does that mean the property would have been distributed to anyone or is the Conservator still tasked with wrapping up any assets, etc...?

Sometimes when it's properties like that you have to use temporary bridge loans and then once stabilized move to a regular loan.If you are wanting double digit cap rates on stnl nnn is just doesn't exist.

My question is if there is some kind of insurance I should have on my business (other than the temporary insurance on the "properties" as I'm holding them)?