After you close on an improved property, get an insurance policy that will protect you if there is a covered loss.The harder you work, the better you will probably do.  

Account Closed , thanks John.I am planning to get insurance for sure. 

If a property needs flood insurance, it's a non starter for me. 

Insurance and gas price difference on a smaller, cheaper car will save you AT LEAST $100 a month vs the truck you own now.

Annual Premium - FHA loans have expensive private mortgage insurance premiums (which is required of all loans where more than 80% is still owed), tacked onto the interest rate.

Finally free, I vowed to never own another rental property again after the experience.Fast forward to early this spring (2016); I had the good fortune of borrow a little known book titled, "Rich Dad, Poor Dad," from my good friend and proceeded to realize all of the things I had been doing wrong and how my financial philosophy was in need of some major retuning.

Hello BP Community,I'm in need of a licensed, bonded and insured electrician who works in the NE Tacoma / Fife Heights area.

I have a general insurance policy for my Maryland rental but am thinking of also putting it into it's own LLC. 

Other than that, you still need to include insurance (interior coverage), power/water, property tax, mortagage. 

May I ask for recommendations for insurance providers?