Nowadays, you need to work backwards:Start with your target ROIFigure out what the likely rent will beDeduct taxes, insurance, maintenance, vacancy, etc.Using what's left, determine what mortgage payment can be supported to reach your ROIFigure out, given current rates, what the P&I mortgage payment => mortgage amountAdd your 20-25% down paymentTHAT IS THE NUMBER YOU OFFER!

I would also recommend ensuring you have a title company do thorough title due diligence and get title insurance. 

Deposit Insurance Concerns: In many countries, bank deposits are insured up to a certain limit by governmental agencies.

They are covering cost of insurance, taxes, utilities and all medical expenses which are rapidly draining their available funds.

Build a team of professionals, network with investors, and mitigate risk by screening tenants, having proper insurance, and having reserves.

When switching over insurance,do I provide the lender with a STR/Landlord policy or do I purchase regular home insurance to send to lender and STR/ Landlord policy for my protection.

We pay about $1700 for mortgage, insurance, utilities ect.  

At the end of the day when property taxes and insurance go up, those costs get passed along to the tenant in the form of higher rent  

Meanwhile most who obsess over entity formation fail to carry proper insurance, work with unlicensed and uninsured contractors, fail to execute contracts, can't explain the difference between being listed as additional insured and certificate holder or request to be listed as additional insured on vendors insurance policies etc.

Hi BP Community,I’m a house flipper in the Oakland / SanFrancisco area, and I’m seeking recommendations for insurance agents who can assist with securing builder’s risk insurance.