It typically covers the structure under construction, materials, and equipment on-site, in transit, or stored elsewhere.

Quote from @Erick Pena: A "good" rental property is one that covers all expenses (mortgage, taxes, insurance, maintenance, property management fees, and any other costs) and still leave a surplus (commonly referred to as cash flow).Calculate cash flow as: Cash Flow = Rental Income − Operating Expenses − DebtThere's much more to it, but that's the basic idea.

I have started looking for another insurance quote, hard to find one that covers multi family.

The HOA covers all the exterior.What was the outcome?

Just focus on running the numbers carefully to ensure the property cash flows or at least covers expenses, and don’t hesitate to lean on resources here for advice.If you’re financing, look into FHA loans, as they’re great for first-time buyers purchasing up to 4-unit properties with low down payments.

But I would charge the extra 3% to cover my costs.

You'll want the rents to at least cover the monthly principal, interest, taxes and insurance (and HOA if there is one).

You are LOSING money because you didn't even raise rents to cover those increases!

My general contractor told me to charge her a $400/month pet fee for four months –which would allow me to save up $1,600 to cover damages- and then give her 30 days notice in May when it will be warmer and faster to fill a unit.

I ended up getting a 401k loan to cover the purchase of a lot.