You buy it based on its current cash flow.

Notice periods vary based on the amount and frequency of changes.  

But you want to set a realistic base around that why.

BPO and comps show ARV at 480k based on rental income.

Based off of the responses here, this increase does seem aligned with other insurance providers.I like the idea of raising the deductible, but will have to think more about lowering the replacement value. 

Is it a good idea to base an entire business model around something that breaks the law?

Internet research will bid based on the house being there. 

Primarily we lease in the burbs like Berwyn and Cicero, but we also leased multiple units on the north side.

.- Reverse migration to Rust Belt is occurring based on affordability issues elsewhere.- Scatter site is a defensive asset offering a lot of optionality.- Market conditions are challenging for scatter site hold unless you are underwriting a 10-year hold.- Setting up operations for SFR from scratch is very difficult.- One investor is buying at cap rates in 5s or 6s.

That is a choice you'll have to make based on risk and your wealth building portfolio.