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?

Your monthly payment would come out to roughly $2400/month including HOA, taxes, and insurance.

Cost of living is also lower in Lansing so repair costs are lower.You will want an excellent, locally property manager that handles management and repairs, along with an investor friendly Realtor, CPA, lender, insurance agent, and attorney.To Your Success!

Depending on your taxes and insurance rates in your market, these could be a little higher for you.

We are having trouble getting the assistance of the entire association for this so we are having the attorneys draft a notice to all the homeowners requiring their participation."

I use Auto Owners Insurance.

I mean, you can, but you won't be in city compliance or insurance compliance if something were to happen to them.

Evolve seems like they charge less but a homeowners have to contract with a local cleaning crew and maintenance.