Landlord insurance is also referred to as a 'dwelling policy,' the same as homeowner's insurance with respect to dwelling, other structures, liability, and medical payments coverage but differs in that personal property is not typically included, and loss-of-use coverage (also known as loss-of-rent or fair rental value) reimburses you for lost rental income if the home is damaged and undergoing repairs, landlord insurance costs on average about 25% more than a standard homeowner's insurance policy DP-1 Policy: 'Dwelling-fire form 1' is the most basic option for landlords, these are named peril policies (covers 10 perils) meaning you are only covered for the perils listed in the policy, an actual cash value (ACV) policy meaning if the home is damaged you are only reimbursed for the depreciated rebuild value of the property DP-2 Policy: 'Dwelling-fire form 2' provides broader named peril coverage (covers 16 perils) and replacement cost coverage (RCV) for your property, this means that if the tenant burns the building down depreciation is not factored into the building's rebuild cost, also includes loss-of-rent coverage (for around 30 days) which provides supplemental rental income while the rental property is being repaired due to damage from a covered hazard DP-3 Policy: 'Dwelling-fire form 3' are "all-risk" or open peril policies meaning the property has replacement cost coverage for every peril not specifically mentioned, also included is loss-of-rent coverage, these are also used to insure non-owner occupied homes and vacant properties (vacant building policy)These are the notes that I took when I was researching the topic for myself.

Let's cross our fingers that you have that coverage, especially if the loss is big.

These policies are very inexpensive and have a great coverage in case of any occurrences that happen on your property.

They will run a debt coverage ratio on the property to see if it's a good deal on its own.  

Most municipalities have a planning and grown management (or something similarly named) office/department that can be a great source of data.For example, DC's Office of Planning has a Comprehensive Plan, as well as detailed neighborhood development plans for Buzzard's Point, Adams Morgan, and other areas; along with interactive maps and other data.Arlington has something similar with tons of reports and data available: https://projects.arlingtonva.us/data-research/https://housing.arlingtonva.us/plans-reports/

Trust me when I tell you I have done the due diligence Cash flow will be approx $7,000/yearROI w/equity will be approx 11% ROI cash on cash before taxes approx 6%For year one we are at the minimum limit for debt to coverage ratio at 1.33, year 2 with increased rents shows 1.6.

Lenders usually require a minimum of 1.25x Debt Service Coverage Ratio but on average you should target 1.5x.

They may vary from state to state and time will change some prices, but still it is very comprehensive. 

Ask a fire sprinkler specialist to walk the property with your inspector and framer simultaneously so they can interact and provide you the most comprehensive assessment to you.

They have a limit on number of your own sales per year and no sales through your own LLC if you have one (something about E&O coverage), no limit on buying.