@Fetch PhoenixI'll add something that may apply....your current policy may already exclude wind and/or fire, which means that you could already be without protection. 

Please protect yourself and vet your contractors thoroughly.Feel free to reach out if you would like to talk further.Wishing you best of luck with your investment journey!

With the potential for strong cash flow, appreciation, and inflation protection, real estate remains a powerful addition to any diversified portfolio.What Do You Think?

The property will be strictly for investment purposes, not a primary residence.I’ve been looking into two potential financing options:Hard Money Lenders (HML) – I’m drawn to this option for its speed in closing, but I know the rates can be higher.DSCR Loans – This seems like a great option for long-term rentals, but I’m unsure if it’s the right fit for my auction property since it might need some rehabbing.I’m also considering purchasing through a land trust or an LLC to add a layer of protection and privacy.So, my questions are:What’s the best way to approach financing for auction properties?

Often times they come back with a list of repairs that they would like to see to protect the home or mitigate liability. 90% of the time those items were on our list to fix anyway, and sometimes we even haven't done before we get the letter from the insurance company.

We are t protected at renewal time. 

@Desiree Board For your mix of long-term rentals (LTRs), short-term rentals (STRs), and house flipping, an LLC is ideal for liability protection and pass-through taxation.

There really isn't a safe, secure way for someone to protect their interests.

Quote from @Josh Ball: Quote from @Jonathan Greene: Smokers aren't a protected class, but they could argue that whatever the underlying "medical" issue for the card could be part of one.

Renter's Insurance is a cheap date for the tenant; it protects their security deposit and assets.