I won’t pretend to be an expert by any means as I have only been at this for 4 years and have 5 properties, but I thought it could be helpful to share actual numbers and different ways to look at them.

If so, I'm actually insuring two rental properties with them.

I wonder how many deals Morty’s mentees actually close?  

I know that RTR positions themselves as “turnkey” but the reality is that they are more of a hybrid model - they set you up with everything you need and facilitate relationships with lenders, insurance, property managers, and so forth - but they are not the actual service providers.

If you have an actual lending strategy then different loans will serve your overall portfolio goals in different ways.

It typically pays out actual cash value (ACV) for damages.DP-2 (Broad Form): DP-2 policies provide more comprehensive coverage than DP-1, covering additional perils like burglary, freezing pipes, and falling objects.

Actually, some lenders have a problem with switching it over to an LLC.

That strategy actually makes your lead management team much more efficient because it outsources the mind-numbing tasks to the robots and lets the humans focus on what humans do best. 

A lot of investors are jumping to secondary lines of insurance coverage and the problem with those is that the companies are based in the Cayman Islands or the Bahamas a lot of the time, and it is suspect that they would actually pay out if the need arose unfortunately.   

The bigger thing is understanding that pre-approvals give you a ballpark, but your actual rate gets locked only when you have a signed contract.