Practice analyzing deals, explore surrounding markets if NYC feels too competitive, and stay persistent, closing your first deal takes time but is well worth the effort.Good luck!

(Had we rebuilt the original windows we would have been fine and wouldn't have had to bring them to current code.)

@Jade Frank how much has your current home gone up in value?

I find it odd that this isn't a more standardized practice.

There are some teeth to HICPA since it works in tandem with the Unfair Trade Practices and Consumer Protection Law ("UTPCPL").

Ask to speak with some of their current owners and current/former tenants.

The properties are well located in Denver with value add potential and all rents are currently well below market. 

Here’s how I’d break it down and strategize your entry point.Key considerations include the current and pro forma cash flow.

I currently invest only in rural communities and small towns and its allowed me to scale to 24 units in three years. 

The other quotes I received were often unreasonably high compared to other properties in my portfolio—sometimes exceeding my current carrier’s increased rate for this property while offering less coverage.