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.

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

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

I've researched local markets and don't think Ill have any issues finding a renter at about a 10% return after taxes and insurance. 

Hello,I have a potential tenant that is part of a Community Living Program and I am looking for other peoples experiences dealing with these types of tenants.So the tenant had a traumatic injury and now their insurance pays out a set amount each month to cover their living expenses.

Given this is where my major operating expenses fell (beyond taxes and insurance), keeping this cost lower, by average, helps my cash flow.I invest in older neighborhoods, so the 2-4 unit properties, typically have single water meter, maybe single electric, and many have radiator heat with a single boiler.  

Cash flowing at 5% down was possible about 3 years ago—but that ship may have since sailed.Now, you’re left with two options: you can either pony up more cash per deal, or you can potentially look out of state for markets with more favorable rent-to-price ratios.Or…you can wait for rates to decline, but I don’t know how much a 100 or 150 basis point rate cut in the next year will really move the needle.That said, some firms (usually new construction companies, turnkey providers, etc.) will enter into forward commitments with lenders at institutional rates and then pass cost interest rate savings onto end buyers to entice them to purchase a property.

So fortunately for us, unlike with malpractice insurance, our warranty doesn't have to last a lifetime!

He said the borrower called and a tree fell on the roof and needed to file an insurance claim so wanted to file it against our insurance.2.