We currently own/manage properties across a few states including Hawaii so we aren't new to managing short term/mid term rentals.

I own a rental property in NC.

Knob and tube is very difficult to insure. 

However, Allstate is capping their landlord insurance at $750,000, which creates a coverage gap I need to address.I’m looking for options to add at least an additional $750,000 in coverage and am wondering if anyone has experience with Difference in Conditions (DIC) coverage or Excess and Surplus policies.

Does anyone own rental properties in Detroit?

In addition, you would need enough working capital to pay for insurance (which will be going up a LOT in Los Angeles) and to pay for property taxes.Don't buy this unless you have substantial resources and a cash cushion to keep yourself safe.

Adding your property manager as an additional insured means they will be listed on your insurance policy as a named insured.

We want to get a Vacation Rental Permit for stays under 30 days for ADU but current zoning doesn't allow it.

Make sure you talk with your insurance company on what you would need to faciliate these types of amenities in your rental.

When evaluating markets for rental properties, there are a lot of factors to consider: population growth, employment rates, rent to price ratio/GRM/Cap Rate, rent trends, vacancy rates, etc.