We had them complete an application and the criminal background check revealed multiple convictions, including three DWI's, two possession of marijuana, two theft of under $500, and a few unauthorized vehicle operations.

The following perils are the most common perils that are insured against with DP1 insurance:• Fire & Lightning• Internal Explosion & External Explosion• Windstorm & Hail• Riot & Civil Commotion• Smoke• Aircraft• Vehicles• Volcanic Explosion• Vandalism & Malicious MischiefIt is important to point out that not all DP1 insurance policies cover all of the perils listed above.

If you're using the money to purchase an asset that will create income in retirement without losing value when it does, that is the ideal retirement vehicle.

Most use it as a vehicle to allow them the freedom to be happy.I am ontrack for seven figures this year.

I would prefer to lease whole lot to one tenant, but am open to leasing sections for vehicle parking.I would appreciate any advice or input on how to best go about marketing this myself.

I would like to start renting it out, but there are 7 abandoned vehicles on the property.

Is fire damage in a house like flood damage in a vehicle where even a little can lead to huge huge problems?

If you don’t feel like your local real estate market is a viable place to invest currently, then diversify into other investments like blue chip aristocrat dividend stocks (great passive income for retirement without the hassles of owning rental property), or syndications/ partnerships/ lending/ more passive real estate investment vehicles.

If i were to sell the property, would i be able to keep the funds without paying any sort of taxes or would 1031 be the best vehicle to minimize taxes.

There are better investment vehicles with much less work that would produce higher returns and achieve your desired income.