I actually like them because the homeowners' association (HOA) usually covers most of the insurance, and there is very little maintenance required.

In this type of area having just 1 or 2 properties is ok because your tenant base is higher end and more stable. 

I would get the insurance in my trust name.

Insurance cost for weather-related disasters is growing to a major concern in many of the southern markets.

I feel sorry for the people losing everything in the fires , insurance will go up .But I wish I was the guy  driving this bulldozer ;t=162s

For example we pay our own income taxes, broker splits and all of our other expenses directly out of what we make including required E&O insurance, MLS dues, licensing fees, Board of Realtor dues, continuing education costs, marketing, advertising, office fees/rent, transaction coordinator/ assistant fees, health insurance, car insurance and maintenance, gas, tires, software, retirement fund, etc.We are not W2 employees with payroll taxes already taken out of our paychecks, company-paid health insurance and matching retirement account plus a guarantee of at least 40 hours paid work per week, sick pay, paid vacation… none of that.So if you’re thinking you’ll be able to pay an hourly wage typical of a W2 hourly employee like $50-85/hr… that’s definitely not going to work.

Stability: Homeowners tend to stay in their homes longer than renters, which can create a more stable environment for families and children.

Rents are generally low there as well, but definitely stable.

It might have been bound but many insurance companies have put those new policies on hold if the purchase has not happened due to the disaster and letting the mortgagee(lender) know that the policy is on hold.

Who's name is the lease in, tenant or insurance company?