I have another feature for the future at a reduced cost to install.

Agree that no insurance will cover future increases in cost of monthly or yearly HOA assessments (dues).  

@Sendil Thangavelu you really need to hire a professional property manager or real estate attorney to help direct you in the right direction from now and the future

Treat it as a business, this is not your money, it is your future... treat it as such. 

On the other hand, saving that $4,400 could go toward a refinance later if rates drop significantly in the future.

Initially we thought we would flip, but now we're thinking of holding and using the equity for future investments.

This is a new underwriting guideline of the insurance companies because they haven’t been profitable and must raise the rates and lower the risk factors in order to comply with state regulations on adequate reserves and future solvency.  

HOA fees and redtape also added to frustration and will be avoided int he future.

I'm looking forward to shifting my portfolio in the future to longer term tenants. 

Does the City have Future Land Use Maps showing a higher density?