There are so many options for LVP now, from lower priced to higher.

There are also a lot of different options in real estate to single family residential, multifamily, commercial, NNN and then being on the debt side of being the lender which has cash flow but not appreciation. 

Many aren't used to explaining why their services are worth $12,000 (the typical pay for selling an average-priced U.S. home).

@Ethan Slater here's some info we hope you find useful:Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

You've done well with having options, now just need to decide and get on the same page. 

@William Taylor so many options...Use your RE knowledge to: WholesaleFind rental deals to sell to investors locally or here on BPStart leveraging your personal contacts to build your sales businessFind a motivated seller willing to do seller financing:- Move in worst room or basement, rent out all the other rooms for max cashflow- You could even live in the basement and STR the rest of the house

I'd like to move forward with option "b".

The equity gap can definitely be a challenge but there are still deals out there - typically with homes that were purchased in early 2022. 

If you ever want to have a discussion to explore your options or ask any questions about the concerns you mentioned, I would be happy to help! 

However, tenant insurance is typically intended to cover personal property and liability for the tenant, not the building itself.