On the other hand, if you are tearing out load-bearing walls, redoing the plumbing and electrical and adding a new porch, you would need a different coverage. 3.

Please click on the links, give them a read, and share your thoughts in the comments.First is a post that I feel will help not get overwhelmed with the amount of info that is here on BP:https://www.biggerpockets.com/blogs/5868/52761-the-simple-guide-to-getting-started-on-bpThe second is a post that will help get you focused with your real estate investing goals:https://www.biggerpockets.com/blogs/5868/52743-im-new-to-bp-any-advice-would-be-appriciatedThe last one is a post that will help you choose an “investor friendly” real estate agent.

But I am loud wiener and potty mouth trying to hand a picture.

He doesn't have a vast amount of knowledge but definitely more than us.We know a few things have gone wrong in his flips, therefore he can teach us the basic of Do's and Don'ts.My wife and I would like for him to team up with us by providing knowledge.He would not have to do the hands on but just guide us through the process step by step, we are willing to put in the work.What percent should I offer from my ROI?

Owning/managing an STR is not as simple or straightforward as standard rentals and to successfully run them you need to have good systems and procedures in place to sustain them.   

The simple fact is that even with a "team" of people managing a property, the attention to detail and personalization is just not there. 

@Thomas Condon and @David Morgan There are many questions to be asked and directions to approach this and to take this for a simple answer.

Simple rentals take 20-30 years to bear Fruit. @5 year ago prices, maybe.

It's a simple form used to document the terms of the lease with the Buyer, Seller, and Tenant all agreeing so there's no misunderstanding. 

Please click on the links, give them a read, and share your thoughts in the comments.First is a post that I feel will help not get overwhelmed with the amount of info that is here on BP:https://www.biggerpockets.com/blogs/5868/52761-the-simple-guide-to-getting-started-on-bp The second is a post that will help get you focused with your real estate investing goals:https://www.biggerpockets.com/blogs/5868/52743-im-new-to-bp-any-advice-would-be-appriciatedThe last one is a post that will help you choose an “investor friendly” real estate agent.