Due diligence. i) Inspections: I order thisii) Surveys: title company does thisiii) Appraisal: not necessary as there is no lender involved.

My life has changed completely in less than 2 years from learning and spending my time on working diligently to grow my income. 

What I have done in the past is what Terri stated above; secure the contract on the land with a very long due diligence period to allow you ample opportunity to allow for zoning changes.  

If you want to be really diligent with pest control, don’t park next to overhead lights.

@Troy Judge, I would invest some time to run a proper due diligence.

Personally, before the pandemic our firm had great success with live educational events that trained investors how to conduct appropriate due diligence on sponsors and their deals and we've transferred that to a new online platform that is aiming to do ostensibly do the same. 

Now I'm in the due-diligence stage and wondering about insurance. 

I will keep doing my due diligence and keep digging.

However, there are a lot of STR there so do your due diligence that the market is not over saturated...I don’t know as I invest in long term rentals.

So far, I have seen no indication that the company you are working with is diligent enough or cares enough about YOUR BEST INTERESTS to do what it takes to utilize Section 8 properly.Not to try to frighten you Mariusz, but if I was in your situation, I would be very afraid.