Insurance being canceled due to the area and finding insurance for it.

@tom shallcross summarized this well in another post and just inflate your numbers up for a $665k purchase price and $2300/mo per unit for rent.Borrow 80% which is like $3700/mo for Principal, Interest, Taxes, and Insurance.

Keep in mind that your mortgage terms and insurance premiums will probably be less favorable in an LLC.

It was all really quick, and the time to complete everything happened a lot faster than I expected (which was a good thing).I was worried at first that I had to use all the partners that Rent to Retirement had, but it was really easy for me to shop around for different lenders with different terms and rates, insurance providers, and property management company.

Low down payment (3.5%) is attractive, but comes with mortgage insurance and might not offer the best rates.

Here is my two cents: When hiring a contractor for substantial renovations, start by researching local licensed and insured contractors with solid reviews.

More insurance will cancel short term rentals.

Could be too late to form the more complex plans for 2024, so plan for 2025.Start an HSA plan.

Not if insurance paid for it.

It's not your fault that the tenant has to vacate, so the tenant should have insurance to protect them against any additional expenses.