I told him my story and recommended that he rent for a year -- and spend that year getting to know the neighborhood and essentially house shopping.   

Your best bet is to shop around with a few different brokers as each of them cannot write for all the available companies.Here are a few to check with:TWFG InsuranceRiverlands InsuranceGoosehead InsurancePat LeBoeuf Insurance

And their roof loss settlement is "variable by roof age", not actual replacement cost, nor depreciation adjusted (most insurances will hold the depreciation portion of a claim till the repair is done and only then release the funds).Make sure you compare apples to apples when shopping around, pay attention to what they give you for "free", what deductibles apply and when exactly you can get coverage from the insurance and to what limits.

I would also shop around, see if other property managers can give you similar or greater service value for the same or better price. 

Locations with growing populations and younger demographics tend to have higher demand for housing, which can lead to higher property values and rental income.Proximity to AmenitiesThe proximity of a property to amenities such as shopping centers, restaurants, and entertainment venues can impact its desirability to renters and buyers.

Is there a one stop shop to see all the regulations for each and every village, town, city, county or state.

Think ahead and shop around for what you need ahead of time to get the best deal.

To open a shop is easy, to keep it open is an art.Amir

If it were me, I would get a private money loan and use that money to buy more properties, maybe a mixed bag of flips, short-term rentals and long-term rentals. 

@Engelo Rumora I was waiting for time and place lol.Lets get a few of us together and talk shop