We like the short-term rental idea because we could stay at the property ourselves when we want - summer break, spring/winter breaks, etc.Our budget will be right around $1M or less ideally, and we would like a short distance to the ocean.How likely is it that we could find a property as described above and have it cover or come close to covering the mortgage? 

Partner Driven financed the Main St deal by covering 100% of the $20,000 purchase price and $45,000 renovation budget, ensuring Amanda Frecks could focus entirely on project execution without the stress of upfront expenses.

Post insolvency, the framework allows an assessment to all private insurers operating in the state to cover the difference which will subsequently pass the costs along to policy holders.

It's all relative and subject to change based on each individual person.

Hi Shayan, You will be able to close on properties quickly and have access to rehab funds immediately if you are able to qualify for a HELOC that can cover both the purchase and rehab.You should be careful though as if you cannot sell the property or you run out of rehab funding, you may end up being over leveraged.

Get a good cap rate basically covers your financing and ideally 20% more for maintanance, prop management fees.

I think Peter covered the best course of action.

The website looks like it covers all of this, but I haven't seen a lot of talk about it.

The house had a warranty the first year that covered anything that came up, and we only had one issue with HVAC over those 3 years. 

More and more insurers are refusing to cover disaster-prone locations.