5% of 160 is 9k  so net 151kclosing cost buying and selling lets say 2kutls and insurance lets another 3k prop taxs say 2kso 151k - 7k  = 144k

It's not uncommon for Class A rentals to negative cashflow for the first 3-5 years, until rents increase at a higher rate than taxes & insurance increase.While this can be an unpleasant situation, Class A properties tend to appreciate the most and attract the best/easiest tenants.

I'm facing challenges with my home insurance for my Airbnb property near a national park in California.

Depreciation helps reduce the taxable rental profit, potentially bringing it to zero or even creating a loss, which can carry forward to offset future rental income or other capital gains.For high wage earners, other tax strategies could include leveraging cost segregation studies to accelerate depreciation on rental properties through bonus depreciation, taking advantage of tax-deferred exchanges (like a 1031 exchange), or maximizing deductions related to property expenses (mortgage interest, property taxes, insurance, repairs, etc.).

@James Sedano If you feel this strongly in favor of having the trust, I would recommend a firm who specializes in estate law or has a practice group who does rather than a generalist.

This is what the site is made for, as well as for insurance displacement, travel nurses, etc.

The long-term impact won't be known for a while as investors, homeowners, insurance companies, and the like make changes in the coming months and years.I believe that the Tampa Bay Area will continue to be a good market overall as the foundations are solid. 

When you borrow from the insurance company, it is a loan against your Cash Value.

In Austin, I know Horizon Bank has been open to more creative financing strategies too, so it’s worth checking with them.One thing to keep in mind is that the terms can vary wildly depending on the institution, so I always recommend reaching out to a financial advisor who’s well-versed in life insurance-backed loans before pulling the trigger.

From what I remember, they addressed all concerns such as insulation, insuring them, or anything else that might come up without relative problems.