Then your LLC leases the property from the trust with the right to sublet the property.

New construction properties can qualify for significant insurance discounts, but otherwise, I generally expect insurance in this area to run a little over 1% of the property’s value if it’s in decent condition.Feel free to DM me if you’d like a good insurance contact to shop around for a better rate.

Additionally, would you still look for properties that need significant rehab work or more aim for properties that just need cosmetic rehabs?

@Adeel Makda , contact Peak Properties.

I couldn't agree more as a professional property manager.

Then management of the property.

Do you have to have phone service at the property?

I’m a property manager with a diverse portfolio of homes in the Disney/Orlando market.

@Charlotte WilsonAs long as you continue to occupy the property you purchase with an FHA loan and you're not applying for owner occupant financing on the other property, that shouldn't be a problem.

Quote from @Brendan Jones: For the homes, and or properties that you will use as a primary or a rental property one big thing I look for is infrastructure in the area, extrinsic value (I.e. hospitals in the area, schools, and job market), and the last thing is creature comforts for people (I.e. is a store to get groceries 1 hour away or 2 minutes away).