The FEMA 50% rule does come into play, but we do a lot of ground-up construction, so some investors that do have some new build/heavy rehab experience are tearing down and building back to current codes.

Quote from @Joel Bechtel: The agent I spoke with has about 30 years of insurance experience, so I’d hope she knows what she’s talking about and what she’s offering.I have another policy with Allstate for my 6-unit property, which they were able to insure for approximately $890K because the replacement cost came in under $1M.

It has been a very bad and costly experience. 

Hello, Has anybody done bootcamp “90 Day Challenge to Buy Your First Rental Property” or “Rentals made easy” by Jessie Lang, would really appreciate if you could please share your experience, I could not find any reviews/feedback online. thank you.

Are your thoughts based on experience and research in this area or based on a gut reaction?

What has been your experience and do you manage with a property manager or self manage ?

I would like to network and learn from those having been in the industry far longer who can share their knowledge and experience.

Ask how many units they manage and how much experience they have.

I have experience with Quickbooks Online, and looking to learn to use Appfolio as I have heard that is a common software tool used for managing the books for REI.

From my experience, one of the first things I did was choose a specific market to focus on.