Hello BP Community,Airbnb Host Liability Insurance is a great start for a vacation rental owner; however, what do you look for in a supplemental STR insurance?

This is especially true in strategies like BRRR (Buy, Rehab, Rent, Refinance, Repeat), where leveraging equity is key.Your initial strategy should align with your long-term plans, whether that's supplementing your retirement, funding it entirely, or bridging a financial gap.

Debt has the optionality to be refinanced, supplemented with mezzanine financing, or restructured with the lender.

Original property tax bill: 11/01/23 - $6,107.23                                               2/01/24 - $6,107.23        Supplemental bill: 12/11/23 - $5020.83                                   4/10/24 - $5020.83

Problem was after 14 months of living in my old house in Philly, he lost his job and either decided not to work or couldn't find work, even supplemental, and he was the primary breadwinner.That can happen to someone with a verified job, too.

I would like to offer the best "relational" way to handle this situation - which only supplements and doesn't substitute for Nathan's approach.First, have the persons you are buying property from notify tenants of change in ownership as soon as offer is accepted. 

I'm planning on using AirBnB/VRBO for the STR part, and probably use something like this for a longer version of STR to supplement the slow parts of the year with 30+ day stays for traveling nurses or other working professionals.  

To clarify, I understand that I may need to supplement my grandmother's bills with my own income, however from a financial perspective, my family gains more from preserving her funds than the the amount I would lose every month. 

The possibilities are endless and I personally believe becoming a realtor could be a good way to supplement my current income.

The bank I found that does mortgages as low as 30k tells me (a month into the process) that I can't use funds from my LOC or a gift to supplement the closing costs.