If you’re looking to invest in your backyard, it helps to network with as many locals in the industry as you can.

Now, with taxes, insurance, and interest higher and rents not keeping up with property values, most investors are putting more down to get the properties above a 1.0X DSCR. 80% is acceptable, but the issue is getting the property to cash flow at the higher amount. 

Unfortunately, insurance may decline for one or another reason. 

For added security, consider umbrella insurance alongside the LLC. 

Quote from @Shakthi Kamal: If you don't know the answer, choose the umbrella insurance.

A different industry thought leader will present and allow a time for Q&A.The goal is to raise awareness of and encourage this strategy as well as network with likeminded investors and entrepreneurs.  

I hope you or someone is at least keeping an eye on your properties for break ins, squatters, roof leaks, temperature control, frozen pipes (if in cold climate), if you have a basement and sump pump goes out leading to water damage etc.I just talked to two investors in California that have let their properties sit vacant (no mortgages so paying property taxes and insurance).

I knew I needed a path to financial freedom, but I didn’t have any connections in the industry.

Property Taxes 11,000 yrly, insurance 4930 yrly.It falls short of the 1% and 20% rule.

In addition, 1031 Exchange Qualified Intermediaries are generally not required to be bonded, insured or maintain any other form of minimum equity capitalization.