My interest-only monthly payment, including taxes and insurance, is $2,298.Phase 1 of the project was a gut-renovation of the existing home, which we converted to a three-bedroom, two-bath home.

If managed correctly, the rental income should cover your property expenses (like mortgage, insurance, and maintenance) while still leaving you with positive cash flow.

We are looking to switch our insurance policies for our rental portfolio.

.- You mentioned you don't need the money right now, so holding onto the property could provide long-term rental income and potential appreciation.Here’s what you should consider:- **Financing Costs**: If you decide to rent, ensure you factor in all expenses, including mortgage payments, property taxes, insurance, and maintenance.- **Market Conditions**: Check the local rental market to see if $1450 is competitive and if there's a high demand for rentals in your area.- **Long-term Goals**: Think about your long-term investment strategy.

Creative financing is really how I am able to find cash flowing STRs for my buyers right now.. the margin is really low with DSCRs right now especially with taxes and insurance in FL.

Is insurance rate high? 

Laud area-Cash flow is minimal, $300 a month-Selling now would allow opening up of equity to redeploy in another market with over 2x the cash flow for a new build-New market won't appreciate as much as FL though (not even close)-Current home will likely get hit with higher taxes, insurance etc. in coming year and years to come-Biggest reason to consider just keeping current property?

If the investor fails to make payments, it could damage the seller’s credit, even if they've relinquished control of the property.Insurance Issues: A change in ownership might affect the property’s insurance policy.

It can also be used to track and pay mortgages, taxes, insurance, and other expenses.How to get it: The Empower app is available from the App Store for iOS devices or Google Play for Android devices.Cost: Free2.

Insurance 100/mo.