Quote from @Joe Steinheiser:Yes, builder risk insurance..

The October 2024 report from the Austin Board of REALTORS® (ABoR) shows stable housing prices in the Austin metro over the past 12 months.

His employer gave him a great reference and indicated that the position is permanent and stable.

Honestly, that is all the insurance company needs to report the loss and raise your insurance next year.Good Investing...

Your current insurance provider should offer it.

The only thing that may work is insurance.2.

He told me that the only time in his 30+ years that the scammer paid off is when the crook unexpectedly died and had a large life insurance policy that was able to pay off all the creditors.

As long as you're making payments on time and have proper insurance on the property, banks are happy and don't want to call a loan due. 

If you buy a property for $80K - you will need to put atleast 10% down towards the purchase price ($8K) PLUS closing costs such as lenders fees, title fees, and insurance and tax costs.

So as long as your insurance, property taxes, property management, utilities maintenance, repairs, vacancy, and capex come to $4/mo or less you’ll be fine.