Do you think it's common for a tenant to sue for an amount greater than insurance can cover, then take your property or even your personal assets? 

.$140k offer8% interest rate20% down8% management fee5% vacancy5% maintenance 5% cap exI haven't gotten insurance costs yet but it's been suggested that I plan for $2k per year. 

Get 3 bids from contractors, get a copy of their insurance etc.- verify the policy is current. 2.

If you are trying to get a cash out refi, I would think the bank would want to see the correct type of insurance for the business you are running.

Insurance was way more expensive this time—which I've heard is a nation-wide phenomenon—and it's the first time since the NAR settlement that we've purchased, so we had to cover part of our agent's compensation.

Tampa can work, but yes, taxes and insurance are higher and might keep cash flow tight.

If your insurance coverage isn't enough, they could seize the LLC assets, but not your personal assets.Additional thoughts:1.

Liability insurance covers negligence.

I also assume you have homeowners insurance rather than landlord policy which is invalid if you’re not living there.

I had too many rush loans come in during that week the insurance and appraisal came in."