But, they're in great shape to convert it into a rental for up to three years after they move out. 

You need to speak with the insurance company directly to see exactly what their policy covers.Here's a good overview.I recommend you contact at least three different carriers to see the differences.

Thanks Elizabeth,  I have been reading hours every day on all types if real estate investing, but surprisingly have done little on wholesaling. 

Indy while initial cash flow may be higher there is also more maintenance with a cold belt state and long term rent growth and other metrics tend to not be as strong as warm belt states.Most out of state investors fly in and look around about in a 1 hour direction from the airport at each state's main hub.Austin is expensive to buy in right now for rentals.

@Jay Hinrichs and @Thomas S.So I spent a good hour or so at the property......let me share my adventure with you.See the pics of the home here:      https://imgur.com/a/fMiBLhpSo the property has be owned since 81. 

The barn caught fire, we had no plumbing for three months, the list goes on and on.

The barn caught fire, we had no plumbing for three months, the list goes on and on.

I am in Rock Hill so prefer SC markets Indian land growth is crazy, Fort mill SC another incredible growth area, Clover SC all because of the schools in those three areas.

I work in the greater Chicagoland area and am looking to move to shorten my 2 hour commute.

@Solomon SmithStart in Nashville and an hour drive from Nashville.What you are wanting to do is 100% possible in this marketAny market you go to will have it's own unique challenges.