As you probably heard now is a pretty tight market to find cashflow because of the high interest, taxes and insurance ( especially in Houston).

On the other hand, many large firms have a minimum charge they will stick you with and still give you a template form. 

Good Day,I need to estimate how much the insurance will be before I purchase the property. 

Annuities and cash value of life insurance are fully exempt in Texas and Florida as well. 6.

What are the monthly taxes and insurance payments?

@Noah Bussanich:On structure, something like the Best Ever Real Estate Syndication book by Joe Fairless will help outline some of the basics.Kim Lisa Taylor on these forums owns a law firm that specializes in syndications, and offers a free book, a free consultation.But the term "how to structure" can mean a lot of things.  

If anyone has experience in this or has a referral to a legal firm who can help with this I'd appreciate it.Thanks y'all!

@Andrew CosmeYou should close just as if it was a normal sale and get a title company to create the loan docs, get title insurance and sell you the property.I strongly recommend you go through a title company and do not do a closing that was based on docs found online etc.

I would say try Facebook market local groups and other mid term rentals for people who are looking to stay for 3 to 6 months due to insurance claims.

A few things you could consider:House Rules: Make sure you have clear, firm house rules for your STR guests regarding noise levels, shared spaces, and respecting the privacy of your LTR tenants.Noise-cancelling measures: You could invest in things like soundproofing the walls or adding landscaping (like thick bushes) along the privacy fence to further dampen any noise between units.Separate Access: If possible, ensure that the STR and LTR tenants have separate entrances or parking areas.