You should also request a personal financial statement to better understand their financial health and proof of funds to confirm they have the liquidity for down payments and closing costs.

That is what 1% of the $40,000 down payment costs were from when we refinanced it and started this process in Jan 2022.

It is a way to get some kind of assurance that any guest damages will be covered.I would love to see how AirBNB would react if the whole house burned down due to a guest. 300-500k in rebuild costs.

-While rent would be more expensive month by month, the idea of being able to take my equity out of my home and also being able to reduce annual repair costs, property taxes, etc. does seem appealing to me. 

If you plan to hold do a Cost segregation if you want cash now.  

//What is the rental market like in De Soto KS for renting property with a large home and pond//I am analyzing a deal on a property in De Soto KS. 20 + acres, newly renovated home, a pond, etc.Given the economy, De Soto KS location in relation to Kansas City, Lawrence, Lenexa, etc... does it seem likely that there are people who are willing to rent properties at a higher cost than something in the city?

Go ahead and file.In real life it costs you time to figure it out and money.

B borderline A market, is the cost to build worth the risk atm?

There will be a huge gap between coverages and replacement costs. - Renters are majority uninsured. - In September 2024 the FAIR Plan had $6B in exposure to the Palisades alone.

These products allow you to purchase a home that may need some work and roll the renovation costs into your mortgage.