The HOA in which the unit I am purchasing provided their HO-6 policy to our lender and our lender is questioning the following as it appears on the policy:Special FormReplacement Cost (Actual Cash Value on Roofs)The verbiage in parentheses is the one causing the hold and need for clarification.

I basically try to adapt and work with whatever the market is providing me..

With over 20 years of experience in real estate and having navigated various transaction types, I'd be happy to provide more personalized advice on managing such investments effectively.

I appreciate time and efforts of Kim, Adam, and Ryan to provide such clear and informative answers!

I appreciate the information that you have provided!

Where I'm at it works almost like Ebay... you bid online, and you have to have 5% deposited into a bidding account.  

I will need a lender to provide the money for repairs, then I can refinance and rent.

If your city has these laws, I would find a way to check each month to see that your tenant is paying those utilities - checking the account online? 

Real estate can provide a more tangible asset and potential for rental income, but it requires more management and can be less liquid.

It's crucial to have someone who can provide proactive guidance and help navigate the tax implications of decisions as they arise.