I don't think I've ever paid over $200 a year for a million dollar umbrella policy for some additional coverage. 

The best thing you can do now is see what your state requires from sellers and wholesalers, and if there is some coverage by the state for liability on the wholesaler, then you can go after them for these issues and even the seller.

Their attorney will want to take inventory of what insurance coverage is available and the best way to do this is by naming both parties as defendants.

There are obviously other metrics that have to be met, such as the gross monthly rent has to be equal to greater than the total principal, interest, taxes, and insurance; that is the debt service coverage ratio (DSCR).

Shannon,So, does this coverage contribute to and dictate the calculation of your rental price? 

Whether you decide to rent your current home and move or buy an investment property to rent or flip, having the right financing strategy will be key to making sure your deals are profitable and sustainable.Here are a few loan options that might help based on your strategy:DSCR Loans (Debt Service Coverage Ratio) – If you're looking to buy a rental property, this could be a great option.

I wasn't trying to get into real estate investment for any other purpose than supplementing and paying off the mortgage. 

Of those 20 projects, we BRRRR 8-10 per year, and the flips supplement the money left in the BRRRRs.

I also had more confidence, more resources in terms of private lenders who were willing to lend to me because I now had a track record, and good contractors.By running my own marketing, I had access to a lot more opportunities and was able to start supplementing the cost of my acquisitions through wholesaling and the occassional flip which in turn expanded my network.

Some loans like DSCR (Debt Service Coverage Ratio) loans are based on how the property operates as a rental (income, expenses, etc). 4.