If you already have a separate fuse box and wiring your best bet is probably to shell out for the new meter.

As @Addam Driver has pointed out, your best bet is to get a nice umbrella insurance.

Before buying, I’d recommend using the calculator provided by the BP site and see what your cash on cash return would be if you purchase outright.

I'll have to factor the insurance component in my cash flow calculations a bit more, and it definitely narrows down price point for me.Thanks again and I'll update ya'll on my progress!

I hope to meter this expense out to tenants but in case that is not an option, a rough estimate would help in running my numbers.I've been googling around and found the following approximations and wanted to see if they are consistent with what you all are seeing:-cost of insurance in VA to be ~$80 (I'm assuming this is for SFH)-vacancy about 5%, conservatively ~8%These are the factors I am not sure of in my calculations.

Hi @Raymond Hill,I'm new to investing, so take this as newbie advice, but I use the BP calculator for analyzing properties. 

Frankly, the appraiser seemed super-lazy, and I bet he just put some number a bit higher than the purchase price so the sale goes through and he could go home without doing any actual work.

Don't take a blind switch, make a calculated strategic move.

Hey Guac,Your best bet is to find a regional bank with a strong background in real estate.

I do have a couple of connections with some and I bet a beer or two would make it worth their time :) Thank you!