No 1% rule here until I move out.ROIReturn on investmentMany articles on this on BPDSCR - Debt Service Coverage RatioDefined here

Maintenance (basic coverage package) $100.

One of the things that concerns me about crowdfunding is that it wouldn't be hard to pull the wool over inexperienced investors who don't fully understand the fundamentals of a real estate investment.Without research and independent coverage on individual investments, these small investors don't have much to go on other than the info provided by the portals that the "deals" can be found on.Who's going to do coverage/research on the $200,000 house that someone is raising money to flip other than the portal that has a vested interested in it being successfully funded?

What it costs depends on your age, where you live, if you smoke, and the coverage you want.

I'm with Ned...never heard that term...That stated, "Replacement Cost" is a term relative to insurance that indicates coverage that allows for the recouping of depreciation in a claims settlement.

4) what kind of insurance coverage should I get for the time I own the house?

Thank you all for such a comprehensive information on a topic which is not very known :)Yes I am using a trust account attached to my LLC for the SD IRA - QRP.

They owned their own home free and clear, but because they were living hand to mouth they let their insurance lapse, and since there was no mortgage company to force insurance coverage, they had continued no insurance for a period of time.The fire started not in their home but in their neighbors house and quickly spread to their home which was very close to the neighbors house.

Any suggestions as to how much coverage, what we need, how it works?

Funny thing about Acuity is that I bought another 38 building that was in better shape and they decline to offer coverage.