Although I'd assume its not much different there.An insurance claim will normally cover damage minus depreciation, normally.  

Some of which include: Debt ServiceInsurance (proper STR insurance - not a standard fire policy)Taxes (both normal property and STR taxes)HOA DuesVacancyCAPEXElectricity, Cable, InternetFurnitureSheets, towels, etcCleaning/maintenance Gardening/lawn-care Etc.Im sure I missed a few - but you get the point.

.- My parents are getting close to retirement, and I imagine they may want to have a steady stream of income.What kind of creative solutions can you think of between parents/child  that would not normally be easy to pull of because both parties don't know and trust each other?

It's a very simple process and is normally inexpensive.

My agreement with my PM is silent on the topic of late fees, covered by this generic clause: b.Operate the property according to good business practices pursuant to a general overall plan as established from time to time by Manager and OwnerI normally e-mail my PM asking what their policy is and go from there.I've had to focus on the really big things and let the minor irritations slide.  

Unless you are looking at a larger than normal down payment, it is going to be hard to be cash flow positive.

This is why investors normally don't do corporations.If you want tax advice on the future, no one can really help you there because we don't know what's going to happen.

I don't charge my tenants for this stuff, because it is normal usage, and I don't want them to fix things themselves.

I think I'm being scammed I'm supposed to close on a house with tons of equity in Holbrook MA but it seems a little sketchy to me nowHe's a hml asking for a 1% insurance fee is this normal If there is anyone else interested in funding I'm running out of timeThanks

It's always easy to "match" because there is nothing to match, I just call a pig a pig and send them a revised Loan Estimate with the deal structured with LPMI like they asked for.I have seen "no PMI" adjustable rate mortgages, and the bumped rate there looks 'normal' because it's a normal 30 year fixed rate... but on an ARM.