How long should we keep our insurance property (if we can even do so) in case the tenant decides to sue us?

Get with a good local agent who understands the submarkets, and buy for the long term.

Furthermore, delaying decisions may prevent both parties from pursuing new opportunities aligned with their respective goals.Evaluate your long-term financial objectives and personal aspirations for the portfolio.

It would be perfectly fine to purchase as tenants in common, and as long as Cousin A purchases is at least as much interest as the net sale of the old property.

I know someone buying properties in the Tampa Bay area that around 2018 year built.They have a unique rental strategy that is grossing around $4200-4500 per month as long-term rentals.

The tenants have been here 9 years prior to me purchasing, so who knows how long its been going on. 

Exterior areas are still being finished, but property is up and running at 100% with many long weekends at full occupancy.

@Marlia Stone What is your long term goal?

If you want to get into the market for the appreciation play and are willing to negatively cash flow a bit you could consider a negative DSCR loan.I’m still very new so my decision would be based on factors that aren’t concrete yet (I.e. my goals) therefore long distance REI isn’t off the table.

Our apolgies for the long delay since this post was initially created.