However it can depend on a lot of things like your deductible, your credit, coverage.   

:Currently my insurance cost for each house is around $800 year, called around today but couldn't find anything cheaper Any top tips for reducing the cost of insurance I currently have 3 SFH in Michigan Your cost is going to be dictated by the value you have them insured for, coverage and location.  

If it is the seller, are you confirming they added builders risk coverage and all other insurance is suitable?

Make sure you have the right coverage. 

Is the Airbnb/VRBO insurance enough coverage on its own? 

From worse to best, the asset protection tier list looks like this: Worst: – No coverage, held in your name.

I have homeowner's/hazard insurance on the property through my mortgage, but I do not have any additional landlord insurance or other coverages.  

I believe with most carrier sin OK you're looking at minimal 1% deductible for wind/hail with some going up to 5% of the dwelling amount.I have people ask me all the time if they can just remove the wind/hail coverage and I have to remind them that covers more than just their roof. 

This would be mainly a homestead purchase but I am hoping the grove could act as a supplement to the mortgage.

BTW: someone mentioned that PMC's should have GL insurance coverage.