Home warranties are basically like insurance for the house systems and appliances.

However, there are some drawbacks to putting a rental property in a trust - first setting up a trust can be expensive and involve a lot of paperwork, the rental property may be subject to rent control and liability insurance may be more expensive for a trust.

I believe that if the non-signing spouse had an interest in the property burdened by the easement, then the easement interest is not insurable. 

You left out information that maybe relevant such as taxes/insurance per year, maintenance cost anticipated per year... plus other expenses depending on rental such as management fee(if you aren't manager), advertising cost to acquire renters, etc....

The toothless homeowner taught me so much about humanity and character as well as what people are will to do and say to keep their house. 

If the PM screwed up your insurance claim, why did you continue working with them?

The 70% sounds appetizing but 70% of nothing is still nothing, so make sure you clarify all the financials, insurance for damages, etc.

Below are the key factors companies consider when choosing a city for investment:Low operating costs: Companies are unlikely to choose a location where state income taxes, property taxes, and insurance consume a significant portion of their potential profit.

Are there any insurance companies that people would recommend for this investment strategy that do operate in the Austin, TX area?

I’m curious to hear from other investors who have ventured into flooded properties such as what challenges did you face, particularly with insurance and permitting?