The very tragic LA fires have generated a lot of discussion about insurance costs.

It was purchased from MLS as a long term buy and hold rental.

@Vincent WeselakIt’s a good idea to get an estimate for your insurance costs upfront since this can vary based on the property type and location, and it’s a key factor in evaluating your cash flow. 

Forming an LLC for your rental property can offer liability protection, but no real tax benefit.

So, if your property rate is $.30 cents for a 2,000 sq. ft. rental, .0030 x $100,000 vs .0030 x $200,000 is a difference of $300 per rental building. 

@Lina TruongStarting with mid-term rentals (MTRs) can feel daunting, but breaking it into steps makes it manageable.

I just learned that builders risk and liability insurance coverage can cease once a CO is issued for a new build.

I understand that I need to account for taxes, insurance, and other costs—Should I go with a LML and then do a refi later on?  

No amount of insurance covers the personal loss.2.

I was insured through NREIG when it was a single rental to one family but now since I have transferred to room they dropped me.