What is on the insurance application that you signed? 

We have used every strategy, technique and tactic that the gurus teach as their own.  

However, due to rising insurance and tax costs, I'm starting to feel the financial pinch as the tenant currently pays rent 60% below the market average.My long-term goal is to acquire more properties, and I've considered doing a cash-out refinance to access equity for reinvestment.

Partner Driven identified the property through our direct-to-owner strategy.

Funny, my state looks at all of the states taking property rights away from owners and then passes laws that do the exact opposite- it's a great marketing strategy.

I know there are many strategies/tactics people have used... 

You either need to find a way to make and save more money or look into owner occupied investment strategies like a live in flip or house hack.

There's a lot for nuances to the strategy than what I typed out, but this should help you get started.

This gives you a foundation for making a fair offer.Secure Financing: Be prepared to show you’re a serious buyer with funding lined up, whether through cash, traditional financing, or a creative option like seller financing.Have a Strategy for Repairs or Development: If the property is distressed, outline how you’ll handle improvements to bring it back to productive use.

More insurance will cancel short term rentals.