You can oversee this aspect from the background but don't try to directly engage a GC from out of State without having someone tied to your success there to watch what's going on.

You are going in the right direction. 

Insurance typically covers only the directly damaged area, not undamaged flooring, even if it's continuous.

The journey continues and now we know where to direct all of our focus!

I am actually open to hear about other areas in the states, but the general direction is Jacksonville at the moment.I totally agree about the partnership part.That is why I am working with one :) Are you thinking of buying in Jacksonville as well?

I'd be heavily focused on mitigating that future tax liabilty rather than directly supplementing that income.

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Not sure what direction is best for you but I can share how I started. 

Direct buy? 

. - that might be a situation where you would want to work with a contractor directly because you would have lots of different options with widely varying costs.