The home was not insured for replacement cost, but we managed to have it rebuilt with the necessary upgrades.

Some of the condo communities and resorts were hit with large insurance assessments this year - a byproduct of the catastrophic storms that have plagued insurance carriers servicing coastal markets like Florida. 

Note that if your property is in a flood plain, banks will require flood insurance during the entire term of any loan on the property, which can be pricey.

Make sure to research property taxes, insurance, and any outstanding utility bills. 

The irs might argue that the 1 acre build site is worth twice as much, the other 9 are just standard value.

The industry standard remains at 2 1/4 inches.

What is the benefit of the LLC over an umbrella insurance policy?

If he asks about the notice you can tell him it's just housekeeping for your insurance company, that it won't affect him since he's leaving in two weeks.

Get properly insured and operate your business professionally. 

. $2,500-$2,700 in rent but have a $1,900 mortgage (including current property taxes) plus $100 for insurance, plus a 10% chance of no one renting and another 10% set aside for repairs.After all that I'm in a range of breaking even or making $200 a month with this as a rental.