It is important to make sure the lender will allow different insurance providers for flood.

we use property preservation companies and they charge anywhere from $20-$50/photo depending on quantity and location.also provide you with a report on the property as well. 

@Petronella Kerssens- thanks   1) consider reviewing options with a  real estate attorney and also an insurance  agent  2) Will you need financing ?

There are many, many agents out there and 98% of them really have no idea about how investing actually works. 

Shop Other Insurance ProvidersGet quotes from other homeowners insurance companies.Some insurers may be willing to provide coverage by having you repair/replace just the missing shingles rather than the full roof replacement.

There is an organization in LA that will help you navigate the permitting process and provide some advice/guidance *before* you go to the permit offices and let the cat out of the bag.  

Consulting with a tax professional can provide tailored advice to navigate the tax implications of this arrangement, ensuring both parties understand their reporting responsibilities and maximize tax efficiency within the tenants-in-common framework.Hope this helps!

@David Cherkowsky Unless you're an agent (we're not) and can run CMA's all the time or get someone to run one just following up with sold comps is the easiest way to determine appreciation.

When you create a listing on these platforms, you will have the option to provide details about your property such as the number of bedrooms, bathrooms, amenities, and rental price without disclosing the exact address. 

This provides a steady income stream with minimal risk.Appreciation Potential-The property has appreciated significantly since purchase, and you could continue to benefit from further appreciation in the future.Minimal Hassle-You're already familiar with the property, and since it's paid off, you don't have mortgage payments or associated risks.Cons:Limited Portfolio Growth-Keeping the property means your investment portfolio remains concentrated in one property.