It required some basic maintenance to be move-in-ready;- We are planning to tear it down and rebuild and would rather hold off and get a mortgage when the house is built, so we can pull out more than if we had gotten a mortgage on just the purchase.Again, that's just one example of why someone might choose to pay cash, but it certainly made sense to us for this deal...

Most people don't choose to move at this time of year.

Choose to invest my money in a cashflowing property (let's say I can count on a 20% APR, and get taxed 50% on profit, so I end up with a net of 10% APR).2.

Just know that many people choose to pay their taxes each year.

I think that's why some people choose to own a portfolio of SFR's rather than a single multi.

In the end, you will probably have to choose profit or family!

There are excluded or limited items, such as cash, electronics, collections and such that may need to be looked at specifically and insured by riders or endorsements to a basic policy, if they choose to insure over those limited amounts.The issue for you is the liability coverage they obtain under a tenant's policy, that's the only concern you have and that could reduce your liability issues, so you should check with your agent.Many variables will apply in determining their liability issues and yours as well as how and when your insurance may be affected with any claim arising from negligence of a tenant.

My wife and I try to go some where we've never been at least twice a year... there's a lot of value in having the flexibility of choosing where you vacation.

If so, you can choose any roommate you want-- just don't advertise your preferences.

Hi @Leeta Song and welcome to BP.