@Uyenchi Ho I would take down one property with an option and try to market that, if it works heck yes get options on all of them, but yes you have to see a property first.

Situations like that are where you really want a local that knows typical local property taxes and homeowner's insurance -- how else could I preapprove that dude to look at houses putting him at up to 46.99% if I didn't know HOI and typical local prop taxes?

@Kwun HoI used Cozy online rent collection.

Now I know negative cash flow is almost never a good thing to have, but lets play out the scenario below - Lets say that all in (Mortgage, PMI, HOA, HOI, Prop tax) I am right around 2,000/month.

Insurance agents won't give you a quote until you have a specific property lined up, but obviously we have to put something in for preapproval purposes since HOI is part of DTI. $75/mo up to $1m, $100/mo up to $1.5m, $150/mo up to $2m is what I use.

My husband is more concerned about crappy tenants and the amount of risk involved, that's his main reason for not being gung-ho. I

.- HOI: I couldn't really find much on how one estimates this, any color on this would be appreciated.- Cosmetic Contracting Work (painting, flooring, etc.): understand this is a large variable but was wondering if people have any benchmark tips.

Has anyone figured out a cost effective way to get HOI for a flip?

To all of you landlords who are doing short term rentals like this, is your HOI policy similar to a normal rental policy or does your insurance company charge you a lot more once they know how the property is being used or does it even matter to them?

Meaning if you think HOI will be $75 and your FHA mortgage insurance will be $150, enter $225 as your HOI expense and things like CoC ROI that it spits out will be accurate.