What insurance company do you know covers short term rental by the room for a single family house?

Is it stable?

You just need to make sure you have enough budgeted for repairs.We've been buying more stable, newer properties in this pat of the cycle because of pricing, and us wanting to hold these assets long term.I don't think one is better than the other.

Isn't the real problem with florida the lack of affordable insurance?

@Elizabeth RoseHave you contacted your insurance company?

The problem is that it seems that it will be very difficult to generate even a neutral cash flow given the high HOA fees, taxes, and insurance in Florida.

You might be able to make money, but you have to factor in how fast that trailer will depreciate in value over the long term.I would go for a post-1976 manufactured home where you own the land and can get financing in place since it's insurable.

Looking for a good insurance for rental property.

I've done an excellent job at meticulously tracking everything, so I feel comfortable with the "monitor closely to see what a stable asset looks like" strategy.

List all your known expenses (taxes, insurance, utilities, etc.)3.