When a water heater breaks at 9pm on a Sunday I get an email saying it happened, it’s been fixed and it cost $1200 give or take.

However, if you can enhance privacy and add standout features—like a hot tub or a sauna barrel—it could justify higher rates and improve guest experience.

I use Proper insurance, unwritten by Lloyds of London, for my STR - covers the extra issues you would expect from an STR like vandalism, alcohol liabilities, business interruption up $10k, hot-tub cooties etc.

This will be huge for house hackers out there. 95%LTV on 2-4 unit properties. Set to release on Nov 18th. Keep an eye on this.

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $302,500

Cash invested: $5,000

Utilized VA Loan for a House Hack for my first Rental Property. Started renting it o...

It wont cover wind hail fire or water damages etc?

Quote from @Aaron Wolman: I would call the companies (gas/water/electric) to get estimates, or an estimator out there.

The zoning changes will make California a hot real estate market.

Good question, they seem to be all over the place depending on the area and I am not an insurance specialist, I think typically 1.5-2x normal rates but I could be off by a bit i have been honing in on White Hawk if you know that development and its in the pines but it does have water system with hydrants but volunteer fire department ..

I live in SoCal so if I wanted strong cash flow I would likely have to look out of state.