With careful planning and local insights, Richmond can be a solid addition to your investment portfolio.Good luck!

Additionally, FEMA updated the local flood maps here in July 2024 and much of the area now requires flood insurance. 

We were told the addition of any other pet-related up-front charges would likely not be considered favorably by a judge. 

In general these are either growth markets or markets short housing that has significant hurdles to adding additional housing. 

Additionally, the price point is still cheap enough to find the 1% rule and positive cash flow and there's amazing appreciation potential! 

Letting someone out of the lease is not the same as nullifying that the lease ever occurred; it is just an agreement that you won't go after any additional months of future rents that would otherwise be owed.

Is the portal that the landlord and tenants use an additional charge?

I heard that less than 20% down causes additional insurance fee? 

Additionally, as a new investor, I am curious if you would recommend this strategy based on your accumulated knowledge and expertise.

Regarding insurance adding additional umbrella insurance is great idea.