Covering my bases!

Do you think it's common for a tenant to sue for an amount greater than insurance can cover, then take your property or even your personal assets? 

The HOA covers all the exterior.What was the outcome?

They get a higher return since they are covering housing cost, have the $250k per spouse primary residence deduction in gains, is a savings account, higher leverage position, lower interest rate possible, will pay more premium for location, etc.House might be overpriced for REITs but not for home owners.  

STRs work best in tourist-heavy areas with high demand, while LTRs perform well in markets with stable economies and diverse job opportunities.

Any home you buy with $20,000 is likely going to be a fixer-upper, which means it can be heavy on repairs, turnover costs, vacancies, etc.

We have been told that fha will not cover this since there’s are two residences on the property.

It usually doesn't cover for full replacement of your property.

This is an area heavy in house hacker investors so they still have to find at least one tenant for a duplex.

I'd look at the closing docs for something related to the pro-ration of expenses etc and see if you have anything there that could be a clause you point to for them to cover those payments.