Hi Caleb, GaREIA has a South Side meetup this Wed evening at 6:30pm see the location off GaREIA dot com then click calendar then click this Wed.   

Of course you can do what you want, but there's a good chance it will not go as planned, and either you or the tenant will not be happy.If those decks are due for a refinish, and the refinishing is pretty easy, who don't you send a handyman over there to do it, or go over there yourself if you're a more active sort of landlord?

I need something that's super easy to use on the fly and was starting to look into Delta Community Bank but they don't really have the locations that fit my needs...

I personally won't buy in HOA communities unless it's an easy flip where the association won't be a nightmare.

This can trigger other requirements/repairs.By no means is this impossible, but it's not as easy as it sounds.

The small buildings around 6-12 units are relatively easy to get into and can actually be a great way to build some wealth until you are able to get into the larger stuff.

And when mixed with the power of compounding, real wealth can be generated from a relatively modest investment.The real return on real estate is not always easy to see, which is perhaps why investors do not pursue it as actively as investments in equities or fixed-income instruments.

In this tight inventory market, it's far easier for you to find a 70% ARV home than it is a 60% ARV home to have room for an assignment fee.Obviously, we do it every day in both categories, but I'm also a Licensed GC with dozens of crews, a full office team including a rehab manager, etc... so it makes flipping very easy for us.Flipping is much riskier from a time, money, rehab, construction, crew, theft, vandalism during ownership, lawsuit, insurance, holding cost perspective....but we still do plenty of them.We used to be 80-90% retail flips. 

As far as what coverages, I would start with looking up what the State requirements are to license the home.the State will usually have pretty stringent guidelines as to which coverages you have to have and what limits of insurance you need to carry.This makes it pretty easy to compare insurance quotes as the insurance agents and carriers all need to quote  the same minimums.

When the market is hot, it's easy to think you can make money with nothing down or 5% down, but when it turns, you will be upside down and renting to anybody with a heart beat.