In lieu of foreclosure I'm being asked to sign a special warranty deed.

However, when reading the FHA Loan Contingency Exhibit, section 20 reads: Home Warranty:If the improvements on Property are less than one year old at the time of Closing, Seller shall, if required by FHA, provide a home warranty certificate acceptable to FHA.Does this mean I have to personally warranty any issues on the property that may arise within a year or buy a home warranty from a company that offers that.

However, when reading the FHA Loan Contingency Exhibit, section 20 reads: Home Warranty:If the improvements on Property are less than one year old at the time of Closing, Seller shall, if required by FHA, provide a home warranty certificate acceptable to FHA.Does this mean I have to personally warranty any issues on the property that may arise within a year or buy a home warranty from a company that offers that.

I’m finally getting serious about real estate investing to supplement my W2 income and work toward financial independence.A little about me—I’m a Marine Corps veteran and work in sales, helping businesses find the right CNC and fabrication equipment.

You can get it rented quickly.Energy-efficient & modern – Tenants like new appliances, open layouts, and smart home features, which can help your property stand out.Builder warranties – Many builders offer warranties that cover major systems and appliances, which can save you money in the early years.Challenges to Be Aware OfMore competition in investor-friendly communities – If you’re buying in a neighborhood with a lot of rental properties, expect some competition when it’s time to lease.

I do not know my full plan as of yet but I do know I want to generate a steady stream of excess cash flow to help supplement my income later down the line.

With house pricing and overhead being so high, the only solution is to provide supplemented housing. 

., basement, ADU) to avoid overlapping coverage.Option 4: Umbrella Insurance (Supplemental)Adds liability coverage beyond standard policies (e.g., $1M+).Does not replace landlord/residential insurance but adds peace of mind for lawsuits.3.

It's also new construction and everything will be under warranty for a while.

but you know the warranty is only as strong as the builder.