I've chosen to go south.

The market value of a property usually doesn't dictate the insurance amount unless you've chosen to insure the property for what is known as actual cash value. 

@Mark Cotteri think investing OOS is only a good option if you're going to spend actual time and effort in your chosen market. 

The most important person in this type of situation is to have a good real estate attorney no matter what strategy is chosen.  

Or you need to request the info directly from the chosen tenant later....that's the issue with landlording this way.

As a result they’re forever attending seminars, workshops, classes provided by various real estate organizations; they’ve read every book ever written about real estate twice; they believe that they could be worth $1 billion now if only they had chosen real estate as their college major instead of medieval literature; but soon as they study for their real estate license in all 50 states they’ll be ready to begin.The Guru Junkie – I met this person while I was the designated provider of financing for a guru – back about 30 years ago.

It’s what franchising industry would have looked like if they’d hadn’t chosen to self regulate and get rid of the “bad actors”. 

The main challenge I observed is that individuals often lack a clear end goal or strategy, or they select a market that doesn't align with their chosen strategy.

Looking to start the next chapter of my life, and REI is the primary path I have chosen. 

If you've chosen a Proper insurance over a typical insurance that covers STR with income replacement etc, why?