Central Florida Deal - Foundation: 3 PIER

[Yoel Braver]

I am looking at a fixer-upper property in central Florida for long-term rental. The numbers seem to make sense. 

The one concern I have is what I see on the county's it has the Foundation: 3 Pier. 

I own several properties in central Florida and they are all concrete foundations.  Annecodately, I was told to stay away from other types of foundations (i.e. piers).

• Are pier foundations more susceptible to damage and deterioration, that it should be a concern for long-term buy's?

• Are there any other factors to consider when buying pier foundation homes (maybe higher insurance cost)?

Thanks in advance for your help.