An agent would need to review your policy, but in general,Tenants belongings and vehicle would need to be covered with Renters Insurance and Auto insurance.  

You may need to just focus on getting the other properties stabilized to cover the loss from these. 

I can easily cover 20/25% down with cash on hand. 

She would then rent it from us as she could easily rent out her existing house which would more than cover the rent.   

I would use the minimum I needed to make the STR successful, and have a backup plan if the STR lost money.In other words, this might be best suited for someone with a big W2 shovel, they just don't have the full downpayment built up yet, but if they ran into future issues or slow STR months, their W2 could cover it (and the HELOC payment).Also, you have to really research your STR investment first to be almost certain it will profit.  

Vacant property insurance in and of itself is not enough to cover during remodeling. 

I believe the water damage is the root cause of the mold problem, and I’m considering filing an insurance claim to cover the repairs and remediation.For those who have gone through this process, what steps should I take to ensure the claim is handled properly?

However, if you can purchase the $180,000 property outright with cash and cover the monthly expenses, your ROI could increase to 8% in the second year.

We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

General "return" in 15-20 years (vs. getting hit by a storm and having to cover that huge deductible), longer than the lifetime of a roof. 2.