Hi Memphis Investors,I have a question about Insurance in the memphis area. 

call your insurance company.

@Melissa YeungThere are several considerations that can go into the analysis of whether you need an LLC or whether a large insurance policy will suffice.

Hi All,Looking for some advice on how to shop for Insurance. 

Have you called around and received quotes from some local insurance agencies?

You might have to ask around or guess insurance costs, or you could call a insurance company and tell them you're just trying to get a basic idea for research (so they understand that you don't need a full-on quote).

Here’s how I would analyze it:Vacancy - $95.1 (one month rent) 8.34%PM - $115 (Even if you self manage) 10%CapEx - $80.5 (7%)Repairs - $92 (8%)Total = $ 382.60Total Expenses = $382.60 + $266.67 Taxes + $70 Insurance + $526.09 P&I = $1,245.36Cash Flow = $1,150 - $1,245.36 = - $95.36 (Negative Cash Flow)Also you did not include Closing costs for the Purchase and Refinance.  

It's the removal, the insurance, the wear and tear and the cost of the snow shovel - it all adds up in the Norther states.

Do your due diligents (flood zone, insurance cost, rehab cost, ARV, existing leans, updated taxes, ect.)Pay for title insurance!

Could you please suggest me how much insurance is required?