The won't insure you or they will jack up the price considerably. 

I’m a complete rookie and novice in real estate investing, and I firmly believe in the “crawl before you walk or run” mentality.

We use Hiscox for our insurance with our business, not sure if it works for property but its worth a try. 

Add another $300 or so for taxes and insurance and you're at $2465 PITI. 

Instead, an umbrella insurance policy may be a more cost-effective alternative for now.

While these loans make it easier to buy a property, they come with challenges:- **PMI Can Be Costly:** With less than 20% down, you’ll likely pay $150-$300/month in private mortgage insurance.- **Interest Rates Can Affect Refinancing Plans:** If rates increase, refinancing to remove PMI or lower payments may not be an option.- **Scaling Can Be Tricky:** FHA loans are typically for primary residences, meaning you’ll need to strategize if you plan to purchase additional properties.Thinking through financing options and backup plans before you buy is essential.### 5.

Claims" are an insurance matter.

.: Quote from @Andrew Steffens: Curious what is the purchase price and taxes/insurance/HOA?

The key difference, though, was he spent months carefully getting to know the local architecs, reputable builders, and even a couple of niche design firms that specialize in modern builds for mid- to high-end buyers.

To thrive in real estate investing, you must maintain a firm grip on your finances.