Franky,My advise is to seek out multiple Independent Agents (they represent many Insurance companies - not just one). 

They were founded in Oregon (primarily on the Coast) and have grown rapidly into a unicorn public company as the largest vacation rental PM in the world* for vacation rental owners.

With the new Business Owner/Investor continues to pay the Mortgage with a service company so payments Principal and Interest go to the Bank as scheduled per the original MortageHow can the new buyer do a wrap (#subject to) with the #first #lien for the underlying mortgage where as the Seller equity is in the second position?

Our current portfolio:-Florida SFH: Mortgage (includes HOA and PM company) = $2100.

Hi Megan,You can structure an LLC with an operating agreement and outline the share of ownership of the company.

I’m assuming you obtained this 6.4 cap rate from reliable sources such as local commercial brokers, bankers, other investors.

I had some problems with the management company not advertising promotions at all and likely over-screening potential tenants.

@JT ThomsonEncourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

@Eran Withana I use Toms company Provision for my taxes and they are worth every penny.

I’m hoping to do something similar and would rely completely on a fantastic property management company.