Is that correct?

.~ Lindsey i got homeowner insurance and umbrella insurance. i thought umbrella insurance wont cover you if you getting sue from your tenant. thats why you need landlord insurance is that correct or im wrong?

Since that January 2023 mini-trough, home prices have risen 9%.It’s worth noting, however, that not all cities have fully recovered from the late 2022 home price correction.

In the case of the co-worker mentioned above, had the landlord added $25/month to his rent, covered the gas, he would have been fine with it.Thanks, you are absolutely correct.

Hi @Marlene ArabiaYes, correct.

Is this a Washington thing or am I not understanding correctly?

The original lease from the owner who owned it at the time it was installed had hand writing on it for payments that increased per 5 year term is what it looked like if I recall correctly.

You are mostly correct. 

Beyond the capex/repairs/vacancy line item not existing I saw a couple other red flags in your numbers you may consider correcting in the future.Insurance seems extremely low at $25/month.

Once you are closed and you filled out the application and everything correctly you are fine.