We didn't expect the fact that insurance should cover short term rentals but raises a red flag for lending during the 30-60 day period after closing where they make sure you're not using the home as a rental.

Updated subject: Damages after inherited tenants move outHi Folks,I bought a home a few months ago and the tenants I inherited are now moving out.

I am specifically reaching out to home flippers in the Bay Area.

Here's a few tips that I've learned along the way:- Invest in automations and technology.

Thanks for the tips Eric, super insightful and will definitely implement.

Any other tip for this newbie in the REI world?

The house is a high ranch single-family home with three bedrooms, a bathroom, living room, and dining room on the first floor, and a finished basement that has a full bathroom, bedroom, and common area.

No mortgage paid= they lose their home.

The way I understand it, you can own another home and still qualify for Fannie Mae's 5% down payment option for multifamily properties, provided you meet certain conditions.

ADUs or carriage houses are well supported in adjacent downtown neighborhoods but no one is building and selling new construction homes the comparable will be very limited. the appraisal will be difficult. it's just a lot.