I self managed my units for 2.5 years and got a property manager for the last 3.5 years so got to see a wide variety of scenarios (have some good stories).

Even my "biggest issue" (a wide open water line dumping into my basement) was something I'd never expect (meter and water line itself were only 7 years old) of course happened on mother's day, but guess what, took about 3 hours and $1200 bucks to handle...all in all not a property breaker, but when you think about water in a basement it seems so scary!

Its not widely covered but Wright in the 2nd half of his life was completely consummed with the challenge of providing low-cost and beautifully designed homes to the countries working class.

Normally you do a quick walk through right before closing, so even if it was owner occupied, you can see if there were any problems.Vacant also allows you to pick your own tenants, have rent at market value, etc; not to mention if you are selling you appeal to a wide pool of buyers.

Smart guys knew how to set it up But it grew so fast and so wide they simply could not manage it all on many levels..

@Parris Taylor - I provide "affordable housing" to a wide variety of persons in different programs.

This is in part why housing inventory, including new construction is building up.Overall, still is good investment market but you have to go in with your eyes wide open. 

Hopefully this will help.Proper Insurance: Offers comprehensive coverage specifically tailored for short-term rentals, including replacement cost coverage and robust liability protection.Allstate: Offers HostAdvantage, a home-sharing insurance program designed to supplement existing homeowners policies for short-term rentals.CBIZ: Specializes in vacation rental insurance with wide-ranging coverage, particularly suitable for homes with additional amenities.Foremost Insurance: Known for its comprehensive vacation rental insurance policies, making it a top choice for many property owners.Obie: Stands out for its focus on short-term rentals, offering tailored policies for this specific market.Steadily: Provides vacation rental property insurance that can be customized to fit the unique needs of short-term rental owners.RentalGuardian: Offers specialized short-term rental insurance products, including options for both property and liability coverage.InsuraGuest: Provides technology-driven insurance solutions specifically designed for the hospitality industry, including vacation rentals.

I self managed my units for 2.5 years and got a property manager for the last 3.5 years so got to see a wide variety of scenarios (have some good stories).

I self managed my units for 2.5 years and got a property manager for the last 3.5 years so got to see a wide variety of scenarios (have some good stories).