The cost associated with insurance for not having 20% is peanuts compared to what you potentially can do leveraging your down payment. 

I own a property management company in WA, including Yakima.Here’s a rough breakdown of costs:- Management: 15-30% of revenue- Cleaning: $100-$200 per turnover- Utilities: $150-$300/month- Maintenance: 5-10% of revenue- Insurance: $1,500-$3,000/yearTools like AirDNA or Mashvisor can give you a solid idea of income and occupancy.

The current status of the market is low end rentals land lords that let the houses look like crap. 

If you want to get a clue about places to avoid investing look at states where insurance premiums have jumped or where homes are uninsurable. 

For structuring your business, consider whether you actually need an LLC or if umbrella insurance might be a simpler alternative.

Who's name is the lease in, tenant or insurance company?

After reflecting on a strategy someone used to buy 15 short-term rentals off-market in just 12 months, I thought of an idea.

my experience has been (1) I can obtain the same rental rate for a 6 month lease that I can for a 60 day “stay” if FULLY furnished (2) some of these 6 month rental turn into 2 years or more.  

@ Sanjay BakshiHonestly it would depend on the demographics of your rentals.

Focus on long-term rentals in affordable markets with reliable cash flow, and steer clear of high-cost flips, lower-class properties, or overleveraging in areas that rely solely on appreciation.Good luck!