Always shop for better coverage at a cheaper price.I could give some more info if i had more to go on.

Your cash on cash would be infinite but the real question is how well is your debt service coverage ratio is going to cover your financing payments.  

Buyer can then decide for themselves whether to renew the coverage.  

I am excited to see such a comprehensive and supportive network and forum as BP; with stellar content to boot. 

For instance, some lenders require a 1.20 dscr and some require a 1.30 dscr (debt service coverage ratio), etc. 

I originally made this map for my own use, but I figured why not share it since Turnkey and turnkey like services are a hot topic for us OOS newbies.This map  is by no means a comprehensive one.

Even with your 35% down I don't think you are getting enough debt service coverage ratio (DSCR) to even qualify for a loan? 

From what I gather from this forum, getting an umbrella insurance is the right thing to do.I am also being quoted $450/year for condo coverage.

@Alejandro TirsoGoing local is usually a great bet as the insurance agents there usually know the area well enough to explain what coverage you should need.

It's challenging enough when a property drops from 80% to 50% during a comprehensive reposition.A good management company that's experienced in these projects is an absolute must.