Most small private money lenders will have language in the "note" stating that insurance must be kept in place during the duration of the loan.

I would also agree with JoshuaEach state has their own license requirementsFor Example,,I was presented with several options for Wisconsin Real Estate License requirementsOption 1 – local real estate school - about $400 not including test cost( duration - 3 month process before being eligible for exam )Option 2 - home dvds – about $325 [ not including test cost ]( new Wisconsin law 72 hrs course work for Real Estate License ) Option 3 – home study internet base – about $325 [ not including test cost ]( new Wisc law 72 hours course work for Real Estate Lic )Option 4 – internet on demand meaning someone going over materials via your personal computer$325 estimate [ not including test cost ]( new WI law 72 hrs course work for real Estate License )prices and requirements vary state to stateI’m back to studying Good luck

I call the PM to inquire about the fee, and he explained that when he leases out the unit, on top of agreed flat fee(first month rent), he collects 5 % of rent/month for the duration of the lease. 

I’m still getting my feet wet here, but it strikes me as a good was to ensure that my property remains in good shape during the duration of the tenants lease.

Then enter your destination, trip duration, and the number of guests.

It's fine if you plan to live in one unit for the duration of your ownership...

Zero balance lease/life estate: the purchaser pays in advance for the right to occupy a unit for the duration of his/her lifetime.

You may be confusing amortization with duration.3.

., they are exactly the same as a LTR lease, just a shorter duration.

Vacancy duration and associated cost?