See below for my suggestions for navigating insurance on the gulf coast in today's market - some that could save you several thousand dollars...- Shop around and compare prices- Give yourself a generous due diligence period- Increase deductibles- Bundle policies- Add security system to property- Maintain a good credit score- Review coverage needs regularly- Invest in homes that have double-paned windows or storm shutters- Look into the affordability of newer homes (built to current codes) in your market of interest- Buy a property with Fortified certification if you are buying in Alabama

Our rental has 3 of them and they work great. 4k picture and the Roku interface is very easy to navigate. 

We are a team of very experienced investors that have navigated many obstacles throughout the process of property ownership & we can help you proactively find solutions.

Any good architect will have a be able to help you navigate the process once you after you have done your due diligence and own the property.

Were there any particular strategies or approaches you found effective in navigating the HOA regulations and maintaining positive relationships with the board and other community members?

I am currently helping 3 clients to navigate the same challenges that you are going through right now.25% Downpayment is always an issue for many investors so you are not alone.DSCR seems to be an easy route buy still requires a minimum of 25% and the income must make sense for the Lender before they will approve the loan.If you have time and thick skin for rejection, you can explore the creative financing route.Goodluck and don't be discourage as you are not alone.  

Restrictions can be hard to navigate. 

You'll need to find tenants, deal with maintenance and repairs, and potentially navigate landlord-tenant laws.

We are already putting some money back from each paycheck but looking for creative ways to navigate the financing for our first rental property.

Hire a professional: Consider hiring a real estate agent, a property manager, or a real estate attorney to help you navigate the buying process and manage your property.