Many companies when applying for a dwelling policy will run an insurance score and loss history report (CLUE report) on an individual in control of the entity even if the policy will be in the name of a business. 

I've been in the game for over 20 years, mainly in Tampa, Florida, and it's a fantastic market for both cash flow and appreciation.

Hello All - I am considering buying a rent control (RSO) condo here in West LA.

Buying a Bed and Breakfast with potential for events and short-term rentals (STRs) can be a fantastic investment, but as you mentioned, with the market saturation and seasonal challenges, it's important to run the numbers carefully.

@Michael BelzIf it's 6 units it's most likely rent-stabilized (based on age it could be rent-controlled 😬).

While with the show you have control, on the forums you don't really have control over what the members say.

In the end, this is up to Congress, as they control the purse strings. 

Here are the variables you'll need:ARV (After Repair Value)Estimated Repairs (add a 10% contingency)Estimated RentPurchase PriceEstimated PITI (Principal, Interest, Taxes, and Insurance) on the refinance sideIf you know these values and ensure that your all-in cost (purchase price plus repairs) is 75% or less of the ARV, and that your rent will cover PITI + vacancy + maintenance + property management, then it's a deal worth pursuing.The BRRRR model is a fantastic way to build a portfolio and is still very feasible—even in 2024.If you're interested in more info, feel free to shoot me a DM—we can connect, and I'd be happy to assist you.

Currently costa Hawkins makes single family residences exempt from rent control.  

If the returns aren't fantastic, raising for deals can be more challenging.