I enjoy hearing about peoples’ personal wins and innovative, creative strategies.  

I have also filed a claim against his insurance company with hope of getting at least our monies from the contract back.    

I guess a flat seasonal fee like any insurance policy, sometimes you win, sometimes you lose.

Or is it better to utilize different strategies?

Corporate Income Tax are 24%, however banks and insurances companies are higher with an additional 3.5% Mortgage in ItalyIt's also important to note that there are no Mortgage companies here, everything is done with 1 of the very few banks here.

Other strategies include gifting portions of the property to reduce the taxable estate or exploring more complex options like a Qualified Opportunity Fund or a Charitable Remainder Trust to defer or minimize taxes.

., and you should find some local investors with whom you can connect and learn their investment strategies. 

., $700) to cover this, or are there other strategies for handling utilities in this situation?

Most people that scale also choose one strategy to start with and scale in.

BRRRR is not a great strategy in the current market due to the mortgage rates so it's not as applicable as many think from reading older posts or books about how easy it is.