Flood insurance is expensive and will be more expensive in the future, as they try to raise premiums to cover the claims. 

Consider whether an LLC is right for you—it can provide liability protection but isn’t essential for a single property, as personal liability insurance and an umbrella policy may suffice.

To protect assets while maintaining tax benefits, you might consider an umbrella insurance policy in addition to the LLC structure.This post does not create a CPA-Client relationship.

I help investors optimize their financial strategy by implementing the Infinite Banking Concept (IBC), finding the best insurance for their properties and cars, and connecting them with legal experts for living trust creation.

It may require different insurance too..

Ensure your projected cash flow covers expenses, including higher insurance and management fees.If you have anymore questions, shoot me a DM or email!

Our avg monthly expenses with reserves is around $1500 (mortgage, taxes, insurance, utilities, reserves ect).  

Avoid basing it on uncontrollable factors like taxes or insurance.

Look for properties with positive cash flow: Focus on finding properties where the rental income covers the mortgage payment, taxes, insurance, and other expenses, leaving you with positive cash flow each month.3.

We market units to insurance and corporate housing partners for mid-term stays, turning $2,300/month long-term rent into $7,300/month—less turnover, steady cash flow.