It will cover your mortgage if you have one and basic liability but not much more than that.

If not, my experiences with designing for families is that once kids are teens they retreat to their bedrooms on their phones, and only come out for pizza, so don’t worry about a “family space that includes teens.”

As a Firefighter and Real estate professionals, I would contact the Tenants Property and Liability insurance provider to cover the difference.  

Cost is $40k.I can't help but think there is liability on the company for selling a property and not disclosing this.

Does anyone have experience with a similar issue or insight to share on this matter?

Anyone who got into the RE game after 2010 really hasn't been in the business long enough to experience a down cycle.  

Creative financing works best for expert investors who can mitigate the higher risks with greater experience. 

Hi Everyone,Can anyone share their experience managing general contractors remotely?

When the time is right and I have more experience investing and a bigger network my goal is to flip houses on a more regularly.Excited to learn and connect with you all and glad to help in any way that I can!

It's the most important document you have as a tool to increase revenue, reduce costs and liabilities, and be able to enforce the way you do business with tenants.