Of course, I'm out the deductible (2k).Incredibly, one week later, another 6ft diameter oak fell across the neighbor's front yard (this time, it damaged HIS house) and took down the power lines to my rental property which ended up causing just under $2000 of electrical work and tree removal expenses for me. 

Let’s do some simple math…If you buy a $300k house, charge $1,900 in rent, and have a 35% expense ratio, you’re at a 4.94% cap.

To reduce expenses.

Some lenders might offer more favorable terms if the property is part of an affordable housing program.By combining grants, specialized loans, and local programs, you can reduce your out-of-pocket expenses for renovations and improvements while supporting affordable housing in your community.

Meanwhile, your expenses, like debt service, taxes, insurance, and maintenance, continue.Another concern with investing in disaster-prone areas is the high cost of insurance.

Insurance is meant to cover more significant expenses.

Even though these expenses are rather low, it's important to compare them to the advantages the LLC offers.Umbrella Insurance: An alternative to forming an LLC for asset protection is obtaining a robust umbrella insurance policy.

Now it's just expensive for what it is.

.- You mentioned you don't need the money right now, so holding onto the property could provide long-term rental income and potential appreciation.Here’s what you should consider:- **Financing Costs**: If you decide to rent, ensure you factor in all expenses, including mortgage payments, property taxes, insurance, and maintenance.- **Market Conditions**: Check the local rental market to see if $1450 is competitive and if there's a high demand for rentals in your area.- **Long-term Goals**: Think about your long-term investment strategy.

We live in a pretty expensive area.