I have private flood insurance myself but I have never found a short term rental insurer that has offered flood coverage as well.

Purchase price: $4,630,000 Cash invested: $125,000 56 unit apartment complex located next to Baylor University in Waco, TX.

Just a marketing term.   

Purchase price: $12,300,000 Cash invested: $30,000 168 unit apartment complex in Greenville, NC.

How long have they been in the industry?

Purchase price: $298,000 Cash invested: $20,000 Sale price: $510,000 Personal home for three years, turned into rental property for next seven years.

How long can/should I wait for the appraised value to change, and will it go up or down?

WORK WITH A PROFESSIONALWholesalers are people who contract with sellers of distressed properties and find buyers for quick cash.

Here are a few definitions that you absolutely must know.Bookmark this thread and use it as your cheat sheet for 2024.Okay, let’s dive in:Here are the terms that I’ll define in this thread:-DEPRECIATION-BONUS DEPRECIATION-COST SEGREGATION -BASIS-LAND VALUE-IMPROVEMENT VALUE-3115-RECAPTUREDEPRECIATION:Depreciation is the decrease in $$ value of your asset over time due to wear & tear, etc.Standard depreciation is deducted evenly over 27.5 years for residential and 39 years for commercial.Even w/o cost segregation you get to deduct depreciation each year.BONUS DEPRECIATION:This is an accelerated depreciation method.

Here are some of my opinions:In terms of rent to own, make sure  you are differentiating between rent to own and contract for deed.