If contractor is saying this was slow long term extensive damage then it may not be covered by insurance.

My focus centers around data acquisition, city relations, and the art of deal sourcing and creation.I'm eager to connect with investors who are seeking long-term partnerships on our ventures.

How long before my next? 

@Muthu Subramaniam, the larger the number of units the easier it is to budget for and weather the ups and downs of property maintenance costs.A warranty will cost SUBSTANTIALLY more in the long run than the value you get from it.

(if you study the financials you can try to pull that out)Lesson Learned - The sponsor holding period if too long after initial funding (wire) can really skew Year 1 returns as you can see in my chart.  

I am only in one and I vetted the sponsor for a long time.

But also don't mind diversifying in a few long term rentals.

Analyzing market trends and property values will give you insight into the long-term prospects of your investment.Remember, conducting due diligence and thorough calculations are essential steps in real estate investing.

I cringe when I hear people talk about ordering stuff from Ikea and then complaining about how long it takes to assemble, plus that stuff is prone to break sooner on top of that. 

I've done 3 house hacks, have a couple long term rentals, and bought a couple STRs last year and the year before all before hitting 29!