What period of time does it cover?

Mainstream homeowner policies won't cover sober living because they don't account for the risk of multiple people recovering in the same home

When investing in real estate, having multiple exit strategies is key.For a single investment property, make sure the numbers work for both scenarios: 1️) If you decide to sell the home, the deal should produce a solid return. 2️) If you need to rent it out, the rental income should cover expenses and provide a profit.Flexibility is what saves you when things don’t turn out as planned.

That would be a debt service cover ratio of 1.5.

If we wait and buy in 26 she would move in and let others rent with her and hopefully cover the mortgage. rent is super expensive there!.

However, I'm hesitant because the rent wouldn't cover the new mortgage, putting me net negative monthly.

If they are taking out a few breakers and a fire happens insurance will typically not cover anything.

Hello everyone, I purchased my home two years ago, and currently, I have a tenant renting a room for $800, which helps cover my mortgage.

Use a reputable expert like @Dave Foster and you’ll be covered.

With that said, here are some questions I would ask myself about the situation: Historically, have the students paid enough in the 9 months to cover all the expenses associated with these properties?