However, those reserves are often most needed in the first year and not having sufficient reserves can put a deal in a bad position and that's where additional risk is created. 

Happy to be an additional resource for you & good luck with your REI journey! 

ADUs can provide additional rental income, which can help offset mortgage payments or other expenses.Extend your homeowner's insurance to cover the ADU.Be prepared for potential increases in property taxes due to the added living space.Given that your property is not in a dense urban area, make sure to check specific local regulations as they may differ from city regulations.

. - Tenants are incentivized to not damage the property (can lose their voucher if they are found liable)- In my experience, tenants tend to stay for longer periods of time rather than non-section 8 tenantsCons- The unit is required to meet a certain standard and pass an inspection prior to tenant occupying the unit - Tenants tend to have a lower credit score than most landlords were prefer Happy to connect and share my experiences as an out of state investor and share some additional tips. 

Does that also apply to additional mortgages as well???

For example, if you have a garage, basement, or storage area that’s not in use, rent it out separately to a tenant or even a non-tenant for additional income. 

These changes aim to prevent future tragedies but have also led to increased financial burdens on condo owners, as maintenance fees are expected to rise significantly.Insurance Costs:In addition to legislative pressures, Florida condo associations are facing skyrocketing insurance costs.

Getting additional loans depends on the type of lender.

I will waive the background check for travel medical professionals IF they provide me a fully executed copy of their employment contract.

**Additional Tips**: Any other advice or insights related to landlord insurance that I should keep in mind as I shop for the best policy?