(You’re protecting equity/your net worth, if you don’t have anything you don’t need an umbrella.)I used USLI for a long time but they changed their standards a couple years ago and wouldn’t offer more than $1-2m if any property had a pool.

From what I've seen, high rates have done little to stem the real estate frenzy in the mid-lower priced real estate.

You'll also want to make sure that your rental will be competitive for the area you're in regarding the rental price and quality of materials in the property.

I highly recommend starting by tuning in to the BiggerPockets podcast.

Time sink: takes so much effort and time while working full time.Option 2: Buying Rental Property in a Cheaper MarketPros:Time to cash is immediate is about 40 days from closing time.Landlord friendly: which means eviction and rent control in LandlordDiversification: Investing in a different location spreads the risk.Property Appreciation: Some emerging markets might offer significant appreciation over time.Established Rental Market: Easier to find tenants in established rental markets with a high demand.Potential to build an ADU: i can build on the property land.

A high level overview of anticipated rental production is high season of June, July and August and roughly 10% of valuation in gross annual income.

Hi all, I want to get out of the real estate game and do a 1031 exchange to roll my equity into a home that I will eventually live in after the 2-year required rental period. Besides hiring a realtor to do a tradition...

With a purchase price of $185,000 and a resale value of $280,000 after $33,900 in renovations, the property offered substantial returns.

But I also know the market here is very competitive, and the medium home value is very high.

I encourage you to keep your goal high, but keep in mind that buying a property with an ARV of 250-350 will be difficult to find at 80.