The lower percentage is for lager projects $10M +.

Move that person from a Cleveland city zip code to a Columbus city zip code and the cost of the policy could be almost double - but with the overall higher cost in that area the relative difference between the lower coverage and higher coverage would still be very minimal. 

Start off with a lower quantity and work your way up in the quantity. 

So this decsion plays a little into both trying to build a portfolio, but also finally having a place in where I'm originally from and often visit.I know I'd likely not see any cashflow from a Westloop condo, but I'm curious if anyone has any recommendations to lower my risk for the area.

Have you verified that owning a home as a primary residence will lower your financial aid? 

If it were a high end property it may be a necessity item but if middle or lower class it is a negative I personally would not consider investing in.  

@Bob Floss II I agree, one of the intermediate-term tailwinds of SE WI is the migration of some IL residents to lower tax areas, NW Indiana has also added residents from this trend.  

I look for 10% COC returns as you can see in the model and per my analysis, you would reach that by lowering your offer.AssumptionsDownpayment: 20%Closing Cost: 6%Amortization: 25 yrsInt Rate: 5.3%Occupancy: 90%Purchase price: $240kPurchase Price: $160k* I hope this helps and makes sense.

For example, is it smarter to buy a higher priced condo on the beach, or a lower price condo a few blocks away from the beach?

Profit margins, after paying lot rent, is slim but possible in the lower quality communities assuming lot rent is low.