•Sarasota County: The median sale price for single-family homes declined slightly by 1% year-over-year to $529,750.Looking AheadWhile the increase in inventory offers opportunities for buyers, broader economic factors such as elevated insurance premiums and mortgage rates may influence market activity in the coming months.

Also, due to increased liability exposure property insurance premiums is adversely impacted causing fewer and fewer building owners to seek out ATM tenants.

The APR is the interest rate plus fees like origination fees, discount points, and mortgage insurance, annualized.  

While these loans make it easier to buy a property, they come with challenges:- **PMI Can Be Costly:** With less than 20% down, you’ll likely pay $150-$300/month in private mortgage insurance.- **Interest Rates Can Affect Refinancing Plans:** If rates increase, refinancing to remove PMI or lower payments may not be an option.- **Scaling Can Be Tricky:** FHA loans are typically for primary residences, meaning you’ll need to strategize if you plan to purchase additional properties.Thinking through financing options and backup plans before you buy is essential.### 5.

I wanted to get some thoughts from those folks who know the insurance industry on a few points:- What if anything does a standard property policy cover (less the EQ endorsement) in the event a building sustains damage from an EQ event.- Are there any other endorsements / options that can be added to a standard policy which act as a substitution or supplemental for an EQ policy?

My insurance is $966 so much less.

Also, cash flow from the rental needs to cover your mortgage, insurance, and taxes.

You'll need more cushion between your income and debt payments to account for everything else - taxes, insurance, food, living expenses, etc...

That’s your home mortgage interest as well as property tax and insurance for 2nd half of the year.

(6) no title insurance?