Insurance was a huge challenge, but BiBerk (a Berkshire Hathaway company) was willing to write a policy for us. 

What should I be aiming for?

I am not privy to the details of that from their perspective, but I would hesitate to assume the policies are the same; I don't believe they are.

I’m still learning the ropes of property management, so I really appreciate the opportunity to exchange ideas.At our property, we have a structured screening policy influenced by the Federal Fair Housing Act since our location falls under its scope.

Cities and states have enforced this policy for well over 50 years and it always stood up in court.

I highly recommend finding a broker and have them find a policy that meets your specific requirements.

For example, we have a minimum rent we're aiming for when we manage other properties because it's not worth it for us to manage a small property.The ideal client is someone who truly wants to be hands off and hire an expert to manage their MTR.

Our main carrier policy converts to vacant dwelling policy at completion for duration of term and can be renewed on case by case basis if unfinished or unsold.  

There are two types of return from a rental propertyCash Flow & Appreciation.I normally also aim for a minimum of 8% return between Cash-Flow and Appreciation.Appreication, nationally, is around 2% to 3% annually.Therefore, your goal is to get the cash-flow to be about 5% to 6%.The issue is interest rates being very high, you would therefore, need to buy at a pricepoint where the numbers still make sense.You can always put down more of a downpayment to cash flow, but that will impact your cash on cash return calculations.Best of luck!

Quote from @Brian Burke: @Chris Seveney when I started my lending company with two partners our aim was to go from $0 to $2.5M per month.