9.What Insurance Coverage Does the Lease Require?

I have a fairly decent job and I own a rental property that helps supplement income also.

I have a fairly decent job and I own a rental property that helps supplement income also.

If the agent is good he/she will know which markets to look at and shop for you to find the best rates/coverage. 

However, I prefer to calculator myself in excelCap rateCash on Cash ReturnBreak even Point (time and dollars)Net Operating IncomeIRV formulaDebt Coverage RatioInternal Rate of ReturnReturn on equity

Rental income should supplements your W2 not replace it until you are making more money than you can use.

Does the 50% rule include only operating expense, or does it also include debt coverage and taxes as well?

We have put the deposit down and want to make sure we get coverage on the house to protect our interest. 

For me, more important than the cash on cash return is the debt coverage.

If you are purchasing in your name, you should be covered by your homeowner's or renter's policy which typically include liability coverage.