Can you please send me over any recommendations for insurance agents in Ohio.

@Charlie Martin Buying under an LLC offers liability protection and separates business finances, but it can complicate financing with higher rates and stricter terms, and lenders may still require a personal guarantee, impacting your DTI.For your first property, consider purchasing in your personal name for better loan terms and transferring it to an LLC later if needed, while using strong umbrella insurance to mitigate risk.

Magnolia has an incredible restaurant in another part of Waco, they bought a historic hotel that they are currently renovating, they bought an actual castle in the heart of the city that they are currently renovating, they own one of the largest real estate brokerage firms in the city that continues to serve the real estate market, and they themselves own several Magnolia short term rental properties that tourists can rent nightly to have the full Magnolia experience.

My firm has a fix to rent product that discounts the interest on the fix portion, and discounts origination on the DSCR portion. 

If you buy a property for $80K - you will need to put atleast 10% down towards the purchase price ($8K) PLUS closing costs such as lenders fees, title fees, and insurance and tax costs.

Some things to be aware of are fire insurance and how it affects your buying pool.

That's one of the reasons tenants should have renters insurance because it covers things that may go wrong but where the landlord isn't responsible to compensate them. 

Quote from @Joe Steinheiser:Yes, builder risk insurance..

Honestly, that is all the insurance company needs to report the loss and raise your insurance next year.Good Investing...

The property cash flows at a 15% ROI…………………..before insurance, debt service, utilities, management, vacancies, repairs, maintenance, payroll and property taxes7.