I am pretty good at forecasting so I have a sneaking suspicion in about 3 to 5 years when they hit the workforce after graduating from University, they will be hitting me up about real estate because Daddy's gravy train will have run dry. 

COVID had dried up the tenant pool from UTA, and I decided that having two trusted friends with me was worth much more than $100/month.

For example, hiring somebody to replace broken dry wall isn't going to cost you much if they screw it up.

The policy is excess of any other insurancce (whether collectable or not)If one policy pays proportionate and the other is excess you can have an issue.  

Nobody is talking about it because the auctions are dried up.

So my case here is I do not have a fire wall behind the dry wall in my townhouse rental, and for a newbie like me, I am getting lost in what options I have. 

The building was an old dry cleaners that we are looking to turn into 6 residential, 1 commercial space.

The counties know that often when real property is sold at auction, they will be able to keep the excess proceeds from the sale. 

As to the excess supply of student geared condo's, I don't think you need to worry too awful much.

The main factor to be mindful of is that the project isn't to distressed and needs an excessive amount of renovation/capex needed that could kill your deal.