Can someone tell me what kind of insurance I need to acquire for my Airbnb property?

For the past 13 years I've been investing in and acquiring single family properties through Tax Liens and Tax Deeds.

My goal is to use the money to issue micro loans as well as to serve as down payments for newly acquired rental properties.

However, this is a great way to access markets all across the country that offer decent returns to acquire long term hold properties. 

@Marcus Welson I am not a CPA nor accountant but i think it is pretty clear as already said you can't deduct a loss of more than you Basis (cost) to acquire the asset. 

@Matthew Rolf I know the post said wholesalers but we acquire multifamily that we self-manage and also do 3rd party management, based in the Apopka/Wekiva area with our office in Baldwin Park.

Purchase price: $18,000 Sale price: $28,000 Contributors: Peter Vekselman Partner Driven, in collaboration with Rodney Lomax, successfully acquired a property on Windsor Dr, Saint Marys, OH, for $18,000 on 8/12/2024.

I plan to acquire an STR property in West Africa.

Do you plan on acquiring more than 1 property? 

Our goal is to acquire 5 properties by age 35, and we want as many of them as possible to be in Denver.