Currently we are finalizing paperwork and figuring out what insurance we need and just trying to figure everything out all at once.

Do you eat out for lunch every day, get coffee twice a day, have a new fancy car, and buy the latest trends?  

Quote from @Zachary Kessler: Hello all I’m currently hacking my house that has an ADU dwelling that generates income, I bought this property intending to leave and rent the house that I currently reside in (2 bed 1 bath) I currently have a very good interest rate locked in here from 2022 that I don’t want to lose or have my mortgage called due from leaving here, I live here for very cheap with the income from the ADU.

Even with a great deal, it’s tough to make it work in today’s market.This is the reality we’re facing now. we are starting a new trend ...

@Jade Frank how much has your current home gone up in value?

Ask to speak with some of their current owners and current/former tenants.

Your tenant filed for Bankruptcy but is current on the rent.  

One of the trends you see clearly is that smaller landlords do not want to rock the boat increases, especially with good tenants. 

So, I don't think they would be able to stay.There is currently no loan on the property. 

The other quotes I received were often unreasonably high compared to other properties in my portfolio—sometimes exceeding my current carrier’s increased rate for this property while offering less coverage.