I ran the numbers and it looks like our house would not cash flow (between $0 to -$300 /mo) as a rental, mostly due to the astronomical property tax and insurance rates.

Most of the time, you're not doing anyone any favors by keeping rents too low - you're running a business and taxes / insurance / HOA / Maintenance are likely to continue to increase.

I have had a lot worse and never been forced to replace it to get insurance.  

Hi BiggerPockets Family,I am looking to insure a triplex that I own in Philadelphia which is under my LLC. 

Why wouldn’t you get an umbrella insurance policy instead?

What is a storm rips through and trashes the roof, BUT the condo project does not have enough insurance coverage to fix it, the value of the all the units in the project just went down. or, even if they are able to fix it but  the coverage premium doubles so the HOA has to double the monthly HOA dues but half the complex can not afford it? 

Do you think your insurance policy will cover you on any liability when they find out you are not running a legal operation?

it is hard to get on the radar of insurance companies. 

ya its not like moving to a 3rd world country plus you can get health insurance once you have your Golden visa for a very nominal amount according to my friend that has a Golden Visa. the 500k has to be in cash though I believe.. they bought a unit in Porto and one just north of Lisbon. sure beats Mexico I can tell you that..

However, the percentage varies based on factors like location, property age, condition, and expenses such as taxes, insurance, and interest rates.