DC we will see legislation introduced in the pretty soon future.

Been following the legislation closely. 

This is effectively legislation to open up the market to new prospects. 

Even in your area, you may meet other out of state investors so you have more context for when you talk to the people who will make up your team there.

Even outside the city, many townships have passed legislation to limit short term rentals. 

Really good wholesalers can offer buyers opportunities on terms as cash offers do not always solve the sellers problem.These are some things that make up a good wholesaler.

Thankfully our governor here in Alabama recently passed anti-squatter legislation. 

Lastly, the barrier to being a successful landlord is getting slightly more difficult (still not wildly difficult) year over year due to tenant friendly legislation being passed.

And yes, there is a risk that your rates would go up or they can drop you - but unfortunately, many insurers in that are may already be planning to exit the market or raise rates on everyone to make up for loses.One thing to note about a claim like this, insurance will usually pay for repairs to the damage caused by the problem, but not fixing the actual pipe that broke.

It could be a nice opportunity however I would be certain they will want you to make up the difference between $250,000 and whatever is left on the mortgage which btw in my opinion should be done with lender's knowledge and approval.