I’m told taxes and insurance is lot and will rise each year and cash flow is hard to come by.

Compare this to your total monthly costs, including mortgage, insurance, taxes, vacancy and maintenance.

When I filed a claim, my insurance company denied it because the property was under rehab and not rented.

Purchase price: $2,800,000 Cash invested: $560,000 The property is a three-story multi-family residential building with six independent units, initially facing significant challenges due to poor conditions.Renovation Investment Summary:- **Structural Repairs:** $250,000- **Kitchen Modernization:** $100,000- **Bathroom Updates:** $50,000- **Exterior Improvements:** $100,000- **Holding Costs:** $50,000- **Property Taxes:** $30,000- **Insurance Costs:** $10,000- **Management Services:** $10,000

@Kathie Mata   appliance insurance may work in some places, in my area is quite slow to show up.   

Rhino is an insurance program, and I do not recommend them.

Maybe it is more difficult if the damage was more serious like fire or flood but it goes same with any insurance claim.

.: You don't need insurance or a deposit.

They are investors as well and have good contacts in most markets they sell properties in, insurance, property management, etc.

My mortgage increased earlier this year as my home owners insurance went up due to the company closing and my escrow didn’t have enough to make up the difference so I’m kind of pay check to pay check right now.