-It is on my to-do list to look into an LLC for next year but in the meantime I have an umbrella policy for additional liability coverage.

@Hunter McNeill how else are you going to get liability coverage for a personal injury lawsuit from a tenant?

I just got quoted minimum coverage from state farm for a $900,000, is this common?.

(painter, electrician and plumber are all a given but they are focused and supplemental to the more major rough and finish work) Hourly rate range?

You could start with something that needs cosmetic updates rather than a full gut renovation to reduce your risk.Balancing Income: If your current job doesn’t provide a high income, leveraging real estate to supplement that could be a smart move.

This applies to individuals with annual incomes of $500,000 or more (or $750,000 or more for married couples filing jointly).For Medicare Part D (Prescription Drug Coverage):The premium varies by plan, but high-income beneficiaries pay their plan's premium plus an additional $81.00 per month at the highest income level.The minimum monthly amount one will pay for Medicare in 2024 is $174.70.

That’s about what I pay, and Proper is fantastic for STR coverage.

Also, it can depend on the type of coverage you are wanting.

In the scenario I observed, it was the closing attorney getting title insurance where the hard money lender wanted 115% coverage which inflated the cost.

I'm shopping around for homeowner's insurance (California) that includes wrongful eviction coverage for an ADU attached to our residence.