Get with a good agent who understands short term rentals because the more of these you do then you can scale the insurance under a Business Owner Provider Policy (BOP) and then you don't end up with a dozen individual policies out there for each property that cost you a fortune.

Unfortunately, with our financial situation (we are essentially broke and need money like now for medicine, food, etc), hence us being so eager to sell, even for below market value… so turning it back into an AirBnB wouldn’t work for us.We wish this sale hadn’t fallen through.

You might also meet someone that could be a potential business partner.

Not because of the financial analysis, but because you are going to learn along the way.

And plan on decades to get to financial independence.

I need some advice on the following situation.I am sorry for asking such a basic question, but unfortunately, I am still new to this and never dealt with this type of scenario before.I have a single family home that is part of an HOA.My main goal is to protect the asset and avoid any potential financial loss as much as possible.The current lease agreement states that the tenants are responsible for mowing the grass.They are also responsible for paying any HOA fines, etcUnfortunately after multiple attempts to get through to them to cut the grass, the grass was never cut and the yard is getting worst and worst.They also refuse to turn on the sprinkler system which is causing the grass to slowly die.

I have been busy with out of state investors but also housing developers and supply companies coming into the area.

Always be willing to walk away, or, if you really want it you're going to likely pay above what makes the most financial sense to you based on pure math. 

https://www.biggerpockets.com/business/finder/property-manag...

I am a licensed MLO in Louisiana and would like to learn everything about the entire business.