Hi,I'm reviewing our insurance coverage for some small multi and single family rentals.

There are effectively 5/6 MLS's that cover NYC but Streeteasy alone should give you pretty good coverage.

It is imperative to ask the right questions and obtain the proper coverage BEFORE you need it. 

Portfolio lender's may differ, not sure if they'd look at your income, debt to income or the debt service coverage ratio, which is usually measured as net income from the rental property divided by the loan payment.

My insurance policy has a $1,000 deductible, so I figured I'd be out the $1,000 and then have coverage beyond that.  

I feel like there's got to be an inexpensive comprehensive lease out there somewhere.  

That's really why you have a hard time getting coverage from any of the big names.  

I need suggestions on companies, rates, what type of coverage I need, and anything else that you think might be helpful! 

Make sure you understand the type of coverage and guidelines to keep it insured.

Typically as a general rule if your DSCR, Debt Service Coverage Ratio is at 1.25, the debt on a property is not going to hurt your DTI.