@Anthony Pitruzzello Unless the mortgage, deed of trust or note says otherwise, of course you get to select your own insurance company.

To maximize your results and ease management, focus on these key aspects:Build a strong local team: Reliable property management and trusted contractors are crucial for remote success.Leverage technology: Automate tasks like rent collection and communication.

Or you could rent it out and earn income now.Start with Just a Few Trusted ProsIf this idea sounds interesting, the most important first step is to connect with a few key people who can guide you through the process:A local real estate agent who understands the marketA lender who specializes in second home or investment loansSurrounding yourself with the right pros can help you make confident decisions from day one.Bottom LineTalk with a local real estate agent about what’s possible.

The Delaware Trust is an option but costly and you are penalizing most investors for the few that are doing a 1031 to bother w/the extra cost.

Ah, you made the mistake of trusting someone and not verifying independently everything.

Think of a fellow investor you trust, and then message them right now.

It made me confident in joining as a limited partner and trusting the team’s vision for the How did you finance this deal?

Never heard of them but trust your gut!

Managing yourself is doable, just make sure to line up trusted local contractors in advance.

If not, you may considering entering into the contract with a trust or LLC, which you would sell to an end buyer instead of the contract rights themselves.Note: This information is for educational and informational purposes only and does not constitute legal, tax, financial, or investment advice.