I'm sorry to hear about the water damage situation at your duplex; that must be incredibly stressful, especially as a rental property investor.

Im just brainstorming situations and salutions to help manage the inevitable.Any input would be gteat.

Upper-middle class families in those situations will get insurance money for a temporary place to live and it's generally a large sum. 

@William Hutchmaybe start with a live in flip a bit away from the cityi would not partner with multiple people on your very first one - that seems like a disaster waiting to happenhigh rates are just where the market is right now

In cases where things are completely removed, I have charged the whole amount depending on what the situation is, you take all the knobs off something like a stove, I am charging for replacement.  

An agent who works hard can close multiple deals a month on their own, spending very little if anything on marketing. 

I am in a situation with a co-owner of a residential property just outside of Houston whereby my co-owner has decided she wants out of the arrangement.  

You should make sure that you can afford the cost of the protection that you choose.Please also keep in mind for your situation to consult a professional and share more details! 

This would be a great question to ask them as it's specific to you and your tax situation.

So, if you ever find yourself in a similar situation, just remember: with a little grit and a lot of perseverance, anything is possible.