This is important at claim time, think about one hail or wind storm doing damage to multiple units, and now you have to manage a different claims adjuster for each property.

A short sale is a Hail Mary at best at this point as:-The OP doesn't even know if there is any equity- The owner may have assets and therefore to pay so no reason to do a short sale- The POA issue.

I look at the right of redemption as a "Hail Mary".

I would recommend talking to the insurance agent you'd like to go with and ask them for a series of prices (a $200,000 home with $2,500 deductible for wind/hail is going to cost $X,XXX / year, for a $225,000 home... etc).

Most of my former life was spent as an insurance adjuster and the lead to the first investor came from a former colleague working in the area after a hail storm.

Last week we had a big hail storm in my area and the adjuster came out today and said they are going to put a new roof on along with some new siding and gutters.My realtor said they are going to sign something to show they are going to replace it, but it more than likely will be done after the closing.My concern is that the seller is going put a lesser value roof on or hire an unlicensed roofer and try to pocket some of the insurance money.I have already asked for a copy of the insurance adjusters report and I plan to ask which roofer they plan on using and make sure they are licensed as well as ask for their write up of the work that is needed.Any advice on how I should proceed?

We received significant hail damage from the May 9th, 2017 hail storm in Denver, CO.

This post is my Hail Mary in terms of getting some indication if this is even worth while in trying to pursue.

I see the end, book it.2017 is the one for sure, Trump was elected, oil is low priced, Fed is raising rates, flaming hail, dogs and cats living together, mass hysteria.Fact:   The economy will fall into recession againFact: No one knows when or howSuggestion: Invest such that the timing of the market is not a factor, if it is a good investment now it will be a good investment in 10 years when you can add 10 to all the numbers above and repeat reading the same articles.  

In a competitive market like NOLA, MLS and loopnet are hail marys.