I’m talking about getting thorough with expense estimates, factoring in property taxes, insurance, and a cushion for maintenance.

I’m told taxes and insurance is lot and will rise each year and cash flow is hard to come by.

Continue reading as much as possible and couple that with your ability to network and meet people in the industry. 

We are currently preparing my real estate strategy, of course using the Bigger Pockets Strategy book, as a previous business owner in another industry, there’s a lot of good and refreshing information here in this Strategy book. 

I’m considering even taking the risk of investing out of state in markets with lower property taxes and insurance costs than Florida to increase cash flow.

This five-year expectation has become the industry norm.

I always let them know what I am doing and let them know about airbnb insurance or let them know that you will take care of repairs that tenants will do. 

  $31k after tax annual income - $11k rent = $20k or $1,600 per month net income left to cover all other expenses (utilities, cars, insurance, groceries, kids, activities, etc.).Median household income for 38128 is $41k or $36k after tax

Rhino is an insurance program, and I do not recommend them.

.: You don't need insurance or a deposit.