I once owned a 20-acre mixed-use property in Illinois.

Property has three commercial fronts and 3 apartments.

My question is around property insurance and specifically what are everyones MUST HAVE COVERAGES. 

It depends on your financial strength, the quality of the property, how many properties you own, etc.I like to start with one significant expense and three months of vacancy.

@Treza Edwards "I am reading the Rental Property Investing book and implementing the method that focuses on cash flow and that strategy states you need to have $300 cash flow per month, per property.

The new property has to make $50k plus $12k/yr more than the existing property just to break even.

This year for 2025 my wife and I have made it a goal to improve our financial literacy to purchase another investment property.

We put a sign on every property to: attract tenants, create brand awareness, and to help prevent scammers from using our properties as bait. 

I disagree to an extent about listing properties as a new agent.

In some cases, after crunching the numbers, the profit margin was so slim—or even negative—that I had to pass on some promising opportunities.Here’s my situation: I currently own two properties—a primary residence and a rental property—both of which have substantial equity.