I definitely believe in insurability, and also responsibility.

The other spectrum is when the investor plays attorney and did not run it by an attorney and realizes they did not understand the legal process and are like “wait, I bought this thinking I could do X but I cannot because of Y”, - and a common response is “your attorney did not advise you of this in due diligence” and the response is we did not use an attorney.

@David M.Thanks for the response.

Thanks for the helpful responses all!

Thanks for the response, I’m using a VA loan.

It's your responsibility to collect on said judgment.

You are responsible for overseeing construction and are liable for any injuries or sub-par workmanship, code issues, etc.

We have approached the sellers to hopefully have them file the use permit (Their realtor has been tough to communicate with - delayed responses and vague - and it appears that the sellers don't want to have to file any paperwork), so that it can be updated and we can close, but not sure if anyone else has run into this issue.

I've started looking at Columbus because my business partners have found success doing Mid Term Rentals there and the returns are solid.

Hi Ashton, thanks so much for the response.