Are you ready for a property or just using bernoulli's principle to clear the flames & debris so you can fight your way through? 

Like Mohamed mentioned, beyond separate bank accounts, meticulous bookkeeping is equally essential.

Effective communication and setting clear expectations are essential.

It's essential that they fulfill all your criteria and recognize that they share the same responsibilities as the tenants who will be residing in the property.

Your question asks essentially for legal advice and tax advice.

As you step into the world of real estate investing and begin shaping your investment strategy, it’s essential to focus early on two often-overlooked foundations: tax planning and asset protection.

It's just the way it is, the 80-20 principle.

So I didn’t receive the full application but only the essential details needed to make my decision.

Staying in consistent communication with them is essential & is like hiring a PM where you have to stay on top of ensuring they are looking out for your best interests & not allowing your asset to slowly degrade away.You should always protect yourself with getting an inspection & having professionals within their field give you their perspective.

The insurance company has declared it a total loss, and the seller is essentially looking to give it away post-claim.