It’s just not expected by the tenant base, and I’ve found that supplying them creates more headaches than benefits.Here’s why:•More maintenance & costs – Tenants in lower-income areas tend to be rougher on appliances.

A lot of investors are jumping to secondary lines of insurance coverage and the problem with those is that the companies are based in the Cayman Islands or the Bahamas a lot of the time, and it is suspect that they would actually pay out if the need arose unfortunately.   

My name is Khaled Seirafi based in California and I'm looking at potentially investing in a multifamily property in Phoenix.

Based on this I am considering going naked in regard to EQ coverage for this specific property.

But based on your prior posts it looks like you are doing the BRRRR method and you would probably rather have a higher LTC.

The information shared is based on my experience and industry knowledge and should not be considered tax, legal, or financial advice.

Focus on having a budget and having a strong financial base Thanks!

Another option is to estimate value based on potential income and market cap rates, which can give you an investor’s perspective.

Wife and I are both self-employed so acquiring a traditional mortgage is challenging based on our "on paper" income.

Hey welcome I am new as well based out of Austin Texas