By default, the Mortgagee is both the one that lends and the one that has an insurable interest and therefor both descriptions pertain to “Mortgagee”.Which is preferred: Traditional Banks always only require they be listed as the Mortgagee whereas Hard Money and or Private Money; it’s 50/50.Now, you’re probably wondering in what instance would someone be listed as a Loss Payee but not Mortgagee- well, let’s say someone lends the property owner money in a non-traditional fashion - we can chat more about this later -whether it be for the property or for something else, doesn’t matter, and the borrower uses the property as collateral.

With my background in IT, my only suggestion to you is to get something that connects via hardwire CAT5e.

I am wondering what kind of insurance and from where should I get for this property?

Any suggestion is greatly appreciated.Thanks ! 

I was wondering if there are still some areas in the Austin Metro that can produce cash flow?

(Assuming that’s longer a the minimum required.)After that I would probably suggest you hire a PM.

However, I suggest, only opting for a paid walkthrough with a contractor when you're certain about purchasing the property.

I recently posed this same question regarding Lake LBJ & Lago Vista, but I was wondering if anyone has any experience with STRs in Canyon Lake, TX?

Finding a real estate-focused tax professional and one who can help with advisory and grow with you would be my suggestion to focus your efforts on finding.

That, however, comes from chaning work culture such as remote works and not soely from the fact they are in bubble.I'm wondering how on earth houses could be trashed when people keep needing more house while the buying power of dollar keeps vanishing.