Adding taxes and insurance would be an even higher payment. 

Asking an attorney if you have enough legal protection is like asking an insurance sales guy if you have enough insurance.

It’s given me the opportunity to save and prepare for my next upcoming purchase.I’ve gotten the units from $750x2 and $800x2 to a consistent $900. current mortgage is $2500 monthly, refinancing to a conventional and removing mortgage insurance should bring me to $2100. 

It’s a beautiful custom home, one of the nicest in a so-so Oakland neighborhood ("biggest house in not the best area").Here’s the context:- Bought in 2014 for $590k, appraised in 2022 for $1.2m.- Located in a C- to B neighborhood—close to amenities and mostly safe but not for everyone.- Converted to a rental in 2024; initially rented for $4,750/month, but tenants moved out, and the soft Bay Area rental market has made filling it challenging.

Did you ever find out more information about insurance and liability?

I hired a public adjuster after Hurricane Michael and was able to get almost 3 X what my insurance company wanted to pay me.

Monarch does a great job of being the "dashboard" and appears to have good customization features.

I’m a Colorado commercial insurance broker and have a lot of carriers available in my agency.  

It is always better to start with a multi-unit 2+ so that if something goes wrong, you still have one tenant to cover necessary expenses (mort, taxes, insur, etc).Also, major renovations are not a great idea for starting out as others said, especially out of state.

You will only be entitled to the deductions directly tied to the property, such as interest, taxes, insurance and maintenance.