Not too low either, you don't want to go with someone who is just focused on price as this is a quality of a not-so-great accountant.

This is the most basic level of protection and it is not very effective, but it is still better than nothing.

Even if it seems financially attractive, factors like the property's location and condition will impact on the level of challenges and the frequency you will experience. 

Quote from @Bonnie Low: Many people do a hybrid MTR/STR approach.

I understand that investing requires some level of risk, but I've heard horror stories, and I REALLY don't want to make any stupid mistakes that will send me to the poor house.Because I don't yet have any experience, I'm wondering if I should invest in some kind of training program?

The highest interest rate I've seen the past month on seller financing is 9% and I've seen as low as 5.5%. 

High level...the average commission rate is going down, the quantity of brokers (and brokerages) are going to be reduced.

My view is at the state level there is some anti STR sentiment.  

So it really is going to cost you as low as 20% or as high as 47% depending on your tax bracket. 

Both worth over $1MillionWe've always been insured for $1M in liability.Our broker presented an option for insurance for one property that would be $500K.Do you think we'd be at risk with this level of coverage?