Hello all, newer investor here is starting out with a fire-damaged property too much to handle for a first deal?

How do you guys handle this?

Note: AirBnB will require extensive documentation and receipts for any damage claimed and then handle or more like an arbitration where they offer you 50% of the claimed damage whenever a guest refuses to pay.

We had no clue that the owners of the home were going into foreclosure because a leasing agency were handling our business & we have paid on time & before time every month.

It's a lot more than just showing rentals, approving applicants, collecting rents and handling minor maintenance issues!

I want to understand:1. where this restriction comes from2. how to know which code your house belongs too3. where all the codes are described and how they are related4.

The scale of commercial real estate enables us to hire people to be boots on the ground and handle the day to day.

Because of this I have mostly been finding buy and hold properties with tenants in place that need little to no work, which is fine with me, but obviously a good BRRR has a quicker path to the next property.I'm just looking for some feedback on a good way for a new investor to handle this scenario. 

I am almost always (for the last couple years) involved in a renovation on one of my properties that involves much of my own work, handle maintenance requests, and do most of the repairs myself that come up.

" 10% fee on top of what the contractors are charging "Heck, I now feel underpaid additional 10 %Typically if me and investors on same page We would handle realtor portion, property management ( normal fees), oversee property renovations at no additional charge and reselling properties at profits when ready ( cashflows, resell nice profits ).Suggestion Pick your market Locate a realtor Property manager that works in everyone best interestOnce everything in place : simply keep rising funding for purchases, locating good cashflow opportunities and watching your numbers.Good luck with investing