You want enough so that a potential law suit would go away if the insurance paid out.Best thing is to highly maintain your property and treat guests with respect so that no one would ever want to sue you.

Quote from @Andrew Steffens: The pics we take when a property is at its peak of readiness, are the ones we keep. 

Older homes that aren’t elevated could suffer major damage when the next storm hits.Many expect market saturation in the coming months, as flippers are snapping up flood-damaged properties.

Click on "images" and you'll see actual examples of forms, most of which can be downloaded for free.

@Clark Harbaugh, Given the favorable tax rulings over the last few years (in particular revolving around trusts and their equaling a beneficial interest in the underlining propery) the IRS has actually been much more lenient (or at least silent) on these issues. 

Quote from @William Weston: I'm Christian and believe everything in my life is actually God's property, entrusted to me to watch over.

While it will not reduce the actual cost it will help with the monthly cash flow.I am curious if this was a single-family house converted into a double.

I run Blaze Real Estate a property management company in Amarillo.

.🔥 #1: Real Estate is About to Explode AgainTrump is a real estate guy—he’s going to bring back policies that favor investors.I’m calling it now: 100% Bonus Depreciation is coming back—and it’ll be retroactive.That means massive tax write-offs for real estate investors, making syndications, funds, and commercial properties even more attractive.Trump will push for more Opportunity Zones, making it easier to defer and reduce capital gains taxes by investing in real estate.Lower regulation = Easier development, faster approvals, and more investor-friendly lending.💰 What am I doing?

I will actually be in Santa Fe with my girlfriend tomorrow just for fun.