Some people will say, "Take out a quality Insurance Policy and you will be protected."

I appreciate the insight that you and John offered regarding the lack of value in the business itself and strictly the land + improvements.

Want to give you kudos for using a servicer as there are very strict rules to follow to comply.

Some carriers require limited water damage coverage depending on the age of the property and age of utilities.I would recommend at least 25% (ideally more) when possible and if you're limited to 10% you should make sure you cannot purchase another policy for a similar price.

If they are VERY professional, they will have their processes in writing as verification that policies are enforced equally and fairly by their entire staff.6.

However, we allow them to bring their own policy too.You should consider researching other options and see if there's someone else who can handle the PM. 

I want to create a GMB profile for a market I invest in, but I don’t have a physical office address in that state.I’ve been looking into virtual address services like iPostal1, but I’m concerned it won’t be approved by Google since they seem to have strict rules about virtual or P.O. box-style addresses.

Do it wrong,  no saying how many issues.I've done a ton of OOS BRRs, strictly invest out of city and mainly OOS.

While I feel it’s not as nice as yours, it’s also listed for nearly 30% less, with similar qualification requirements and pet policies. 

If you’re thinking of investing, I’d say Florida’s climate and landlord-friendly policies give it a real edge over many Midwest markets!