Impact on Debt Service Coverage Ratio (DSCR): If rental income growth is restricted, it may be harder to meet DSCR requirements for refinancing or acquiring new loans.

Berkshire Guard was the most competitive for 5+ unit properties in my state (Ohio) until they weren't and now just sent out letters to all their clients saying they are no longer offering coverage here at all - 100% non-renewal of the book of business. 

It's called something else that I can't recall at the moment, but they'll know and be able to guide you in the right direction.Since there is a large amount of equity in the rental home, just be sure that your new HOI policy has good coverage and possibly think about an Umbrella Policy or additional insurance coverage to "protect you" vs. trying to reinvent the wheel and forming an LLC just for the one property.SD

As a real estate investor, understanding both the Debt Service Coverage Ratio (DSCR) and Capitalization Rate (Cap Rate) is crucial because they serve different purposes in evaluating and financing investment properties.

Hi Troy - I suggest considering tenants to carry renter's insurance that includes liability coverage.

Whether you're a new investor or looking to scale your portfolio, qualifying for traditional loans can be a challenge—especially if your personal income doesn’t meet the strict requirements.That’s where Debt Service Coverage Ratio (DSCR) loans come in as a game-changing solution for real estate investors, providing an easier way to finance properties based on the property's cash flow rather than your personal income.What is a DSCR Loan in Real Estate Investing?

I am the executor of the estate and my brothers agreed to let me buy them out on the house so i can use it as a rental property to supplement my retirement.

If you can get insurance coverage and the local building department isn't giving you a hard time at all, then I'd say you're good to keep on moving forward with the deal. 

Further you have the insurance and benefits from your company coverages for you and you don’t have to pay a dime.

It really depends on the structure of the deal and the lender's guidelines.Another option you might want to consider is a DSCR loan (Debt Service Coverage Ratio).