Overall, I’m loving the learning process and am getting close to a pull the trigger point.

Just weigh your options with an experienced agent, and choose what's best for you.The only thing I might suggest before you pull the trigger on complete removal of windstorm coverage altogether, is to see if you can get quotes with 3% and 5% deductible options. 

@Scott Esmail You’ll need to find and pull the financing statement and review it carefully to get the answer. 

If you underwrote the deal according to your methodology and it netted 5-10%, you'd pull the trigger if the level of risk you're taking to achieve that result is within what you're comfortable with.

I would like to pull out some equity from my primary property so I can start investing in real estate, but my house is in need of some renovation.

Even if by some miracle you could pull off 100% financing you couldn’t service the debt.  

Thanks for mention mate,Happy to help and offer guidance.We decided to totally pull back on taking on new investors and will just help our existing investors purchase from time to time.It's not worth the baby sitting drama involved and I see folks would rather BRRRR so we will just do the PM and fix the F@#$ ups and charge appropriately for it 🤷‍♂️I moved to the US 12 years ago to build my own portfolio and all I have done was help others build theirs lol.I don't even have a larger portfolio than our highest volume investor...What a joke for me hehe

Reading The Book On Rental Property Investing back in 2019, but never pulling the trigger because of analysis paralysis.

Have your standard Home/Hazard insurance on the property and your personnal "umbrella" policy for liability.The company itself will be required to maintain their own insurance and each patient/resident under their care will sign a contract with that company, not with you as the property owner.I have a 5 br home in Oahu, HI leased out for the next 3 years to a residential assisted living facility above FMV rent.Biggest thing is making sure that the company does THEIR DUE DILIGENCE in pulling the permits and making any changes to the home in order to comply with the state regulations.

The image attached is an example calculation I did and I had to push the appreciation to 25% to be able to pull a good amount for the next down payment.With these calculations, it made me realize that I might have to find alternative ways to go from house hack one to house hack two.