Upstairs currently is a mid-term rental but plan to do long-term after they move out EOY

Plenty of areas of FL have seen record levels of new supply hit the market which has impacted rental rates, either making it flat for the past 1-2 years or even dropping some.

My wife and I understand that we could give our home to an adult child when we pass away and that our adult child would pay no capital gains taxes on it.But, we have multiple rental properties owned by our LLC and we want to give each our 7 children a property when we pass away.

Usually, in a single-family long-term rental situation, the tenant is paying for all of their own utilities.

Is the overall feeling for this area better to try to start flipping first rather then rental properties?

So apparently many insurers won't give us insurance for a property that has students (undergrads or grads) living in it. Any recommendations for an insurer that will?Thanks!

Assuming you are doing long term rental, check zillow to see what other houses are renting for. 

Whether you end up pursuing fix-and-flips, rental properties, or another niche, this community is full of experienced investors who are more than happy to share advice and guidance.Feel free to ask questions, join discussions, and network with others who have been where you are now.

Purchase price: $213,500 Cash invested: $20,716 Short term rental on Table Rock Lake near Branson, MO.

Mortgage Payments (25-30% of Income)Rule of Thumb: Set aside 25-30% of your rental income for mortgage payments.Why: This ensures that your mortgage obligations are always met, reducing the risk of default.2.