The time to get tenant insurance involved (if they have it, we require it) would be before the claim is filed.

STR has a lot more risk given the seasonality swings and I cannot understate the time involved in bookings and customer service.Having said that we DO have STRs here in St Augustine, Florida in prime areas in the $400s. 

I remember one guy in the S.F.Bay area that found a site for a new Pepsi plant when Pepsi was unable to find one and made a very large finders fee, his mistake he got involved in the deal to far instead of stopping at the introduction phase and the Pepsi lawyers used that to not pay his finders fee, but only waiting until it was almost time to pay him and the deal was basically done.

If so, would you be willing to share the terms and how it worked out for all parties involved? 

Also, the costs involved.

The quicker we close, as long as everything aligns right, the better it is for all involved.

*My Grandma also pays the property taxes; I really have no knowledge of what's going on here with this property outside of people living there rent-free.Next Steps: What are the typical steps involved in initiating a partition action?

There are so many people involved in a real estate transaction and it's important for everyone to work together so that the transaction actually closes, and closes on time.

However as with any investment there is risk involved the investor is responsible to conduct their own due diligence.There is an existing property and a lot next door that is a blank slate.

The repair work will likely involve the removal of drywall in order toperform repairs.