Keep in mind  Jacksonville is a different scale of magnitude than other cities.   5,980 Roof  2,350 Siding repair2,950 Ext paint 350 Screen replacement 180 Window screen600 Hot water heater 500 Appliances used 135 lights 450 Bathroom repair2340 floor 1800 floor 1300 carpet in bedroom 375 electric150 smoke detectors350 Ceiling repair 250 Touch up paint 200 Misc caulk 100 sink 125 garage fix 375 plumbing repair 175 Window    21,315 total 

I was wondering if others are charging "additional rent" ie having the tenant pay a portion of taxes and insurance beyond his rent payment.

My attorney says that she would recommend e & o insurance for your llc to protect your business. 

So based off this calculation I determined that my portfolio is strong enough to move on with my expansion plan into a new market.Business expenses as % of total expenses : 70% 1) Fixed Expenses: a)Monthly Mortgages: 45% b)Property Taxes: 18.7%c)Utilities Expenses: 14.8% d)Licenses & Insurance: 5.4% 2) Variable expense - Water bills + repair expense : 16%Personal Expense as % of total expenses: 30% My monthly living expensesa)Housing: 39.7%b)Child Care: 25.4%c)Living expense: 22.2%d) Food: 7.9 %e) Insurance: 4.8Income 1) Total Income - 100% A) Rental Income: 42% B) Wage income (W-2) : 26 % C) House Flipping Revenue: 23% D) Property Management Revenue: 5% E) Stocks/Dividends: 4% Please let me know if you would like help walking through this process as it has been super helpful to understand my financial situation or send you the spread sheet I used.

Holding costs can be a mortgage payment, insurance, taxes, electricity, water, garbage. 5.

Confirm with Title company that the "Continuation of Insurance" clause isn't violated. 

Hi Mike,I know it's a bit of a cop-out but I'd recommend taking to a local insurance broker.

As a lay person who knows nothing about plumbing, that sounded reasonable; he did an inspection, saw he had an issue, and said he would fix whatever issue it was for X amount. 

Any new building, remodel or otherwise must be guaranteed for structural ingrity and insured for up to ten years after the house is sold.

A tenant wants to sublet my property through Airbnb and provide me with a steady income higher than a regular rent, but I'm struggling with what kind of insurance I should be getting in this case.