My situation: I graduated college in May 2024 and started a FT position at a public accounting firm in September.

Your new potential guests are insurance companies for homeowner displacement (flood, fire), buyers looking to move to the area but not sure where they want to be, sellers who want to sell but have nowhere to go, contract workers in the area, adjunct professors on a semester job, etc.

I suspect a lot of your buyers to most of your buyers are getting HML  Loans in that case title insurance is for the amount of the loan and if the loan included our fee then they are insured..

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

In fact it may actually complicate litigation in the event a claim were to arise while adding additional insurance expenses to your real estate operation.To explain why this is the case I’m going to ask one very simple question: In the event a tenant dispute, premises liability, or any other claim were to arise, what prevents the Plaintiff’s attorney from merely listing your wife who it seems is the property deed holder in your fact pattern as a Defendant?

If you had to pick one state with the highest change of exploding insurance premiums over what they are now, other than maybe CA, it's Florida.

Lastly as an illegal unit it is  huge liability if there was a trip and fall claim, fire etc your insurance may not cover.I recommend renters insurance for whoever lives there is mandatory to add another layer of protection. last option not considered is you living in the bonus unit to have a free place to live with minimal risk 

No question some of the top firms are hanging in there because of cash calls..

Also, lenders usually require a licensed contractor, bond and insurance. 

@Jacob NevarezTo make a house hack deal, analyze properties for zoning issues, rental restrictions, deferred maintenance, neighborhood trends, overestimated rents, flood zones, and insurance costs.