Travel back home manana.

Demand for properties in alternative locations may dry up very quickly, leaving you with an unwanted asset that you may find challenging to sell if the market turns sour.Factor in as well that unless you travel often, you will have to rely on trusted local partners such us property managers, lawyers, etc.

Other than that, usually insurance checks are used for asset replacement, medical expenses, "pain and suffering", etc.I'll also add that, if the proceeds are not reinvested quick enough, then the insurance payout may be viewed as capital gains, in which case you would need to pay taxes.Hope this helps!

We continue to focus on building up our income streams, and dreaming of the travel we will do when borders start to open up again.

Good morning everyone,Newbie hereI am travelling to Mexico next week to complete my research for an investment in Tulum. 

Has anyone rented out to a traveling nurse before?

If you're willing to provide fully furnished units then it will secure a higher demand for people who are travelling there for vacay, work, interns etc @Albert Bui @Carlos Valencia

I think I'm the typical example of someone in my industry who has spent too much time being an employee rather than prioritizing the the effort to be my own boss.I'm looking forward to learning more from you all here and hoping to contribute anything that I can.My personal interests other than real estate are cycling, travel, and watches!

One other thought is to boost your existing cash flow: cater to traveling nurses/construction workers/people moving to your area by transitioning the long-term rentals you have in high-value locations into furnished short term rentals of 30 days minimum.

@Rachel WhitemanIf you travel down the yellow brick road for about 1/2 mile, take a right at the unicorn farm about 300 yards down are these houses at the end of the rainbow.