Believe me.... with the way our government is operating, $100K in premiums paid today is going to seem a lot less ten years from now.Not being an agent or FA myself, you're best off talking to someone who is, and having them deep dive on the policy. 

It may require a formal court petition.There are most likely heirs, you just didn't go deep enough with ancestry to determine who they are.

i cover pest control and lawn care on my stuff. keeps down on issues and i know the place looks good. for my student rentals i also build in a quarterly cleaning fee where my cleaning lady comes through and does a deep clean. extra eyes on stuff and parents happily pay it to ensure their kids have a solid spot. pass through cost for me and well worth it. 

You don't know all the kinds of things that can come up if you dive off the deep end into a potential deal and that holds people back.

G'Day Carlos,Personally, I think it's a recipe for disaster rehabbing from out of state.IMO you would need deep roots in the specific market you are looking at investing.Or years long experience of knowing the who, what and when in that specific market.I only know of a handful of folks that can do it successfully and even they have been at it for many years and probably still loose money on rehabs to this day, no matter how integrated they are with everything and everyone.A good resources for pre-purchase, during rehab and after rehab's is Inspectify.Always get eyes on site before buying a property or processing a progress draw for the rehab.Much success

@Mark Forest if you knew your data, then you'd also know that Detroit is using the US Census Bureau over several of its antiquated & mistakenly applied practices that have not properly recognized Detroit's growth over the last 5-6 years.Not even going to bother copying an article link here for your benefit as your head is buried too deep in the sand for any logical info to reach you.I'm sure you're successful wherever you're investing.

In addition given the large DP I suspect you were not worried about a deep dive into the church's ability to debt service.. ???

I love the world of finance and investing, have always had good returns percentage wise, but nothing life changing as I have never had the free capitol to go deep into any investment.

@Nicholas DiSanti I definitely wouldn't say you are going to live there and then not live there since you could get in deep trouble for mortgage fraud in that case. 

Last thing you want to do is get too deep somewhere with your time and money only to realize the STR laws are not friendly.