We have had a pipe burst during the cold winter months, the roof needed to be replaced (thankfully covered by our insurance), and some issues with electrical, which hasn't been majorly updated since it was built in 1973. 

You would also want to add the LLC entity as an "Additional Insured" party onto the landlord insurance for the property.

It's very cheap and not difficult to maintain bond/license/insurance.

If you are setting aside funds for capex, taxes, insurance, or other expenses that don't occur monthly, transfer those funds to Savings each month and hold them there until it's time to spend them.

Not one member has ever said an LLC saved them when a standard insurance policy.

Maybe you can call your insurance agent and they could possibly whip up a letter or something.

In speaking with our insurance agent, we decided not to make an offer.

These typically include services like renters insurance, HVAC filter delivery, pest control, and sometimes utility management.

And don’t forget about short-term rental insurance—it’s a must for direct bookings since you won’t have the platform’s protections.Lastly, make sure your house rules are super clear and easy to find.

To succeed, focus on properties in high-demand neighborhoods like Pecan Grove or Aliana, and ensure your cash flow analysis accounts for high property taxes, potential HOA restrictions, and flood insurance costs.