Personal Property: $30,000                    Personal Liability: $300,000                    Replacement Cost: Included                    Medical Payments: $1000                    Loss of Use: $6,000                    Property Damage to Others: $500                    Mold Property Damage: $10000                   Mold Liability: $50000                  Tenant Pet Damage: $500                  Additional Interest: Myself (the landlord)2) With above coverage added to renter insurance, do I make it mandatory for the tenant to have a separate pet liability insurance?

Quote from @Zachary Jensen: Quote from @AnnMarie Bacchus: Quote from @Zachary Jensen: Hey @AnnMarie Bacchus, In addition to all of these amazing answers, I would also keep in mind pricing going in.

When you graduate, continue renting it and move on to a house hack.I am 100% against "Low or No Money Down" philosophy unless you are an advanced investor that can take the additional risk.

It allows you to go in with a primary residence debt and you have to live somewhere anyways so might as well pay yourself.

They can add it to their rent with each bill.

I am seeking to purchase BRRRR properties for long term investments as well as fix and flip opportunities for additional income in Brevard County.

In that case, the best option remain is likely to wait for appreciate to raise the property and rent in the future to provide more cash out refinance options or simply find other ways to come up with additional down payments.

so most people will have to be as leveraged as possible to scale (at the beginning). as in, keep your LTV high and focus on buying 'as much' ($$) RE as possible. this is if you're doing a pretty run of the mill REI strategy like buy and hold. i came across an interesting guideline once: if you could sell today and net 7x+ your annual true net cashflow, you should cash-out/refi, or sell/1031. think of it this way: if your portfolio in a year is worth 1m market value, and you owe 600k, and have a lender that will do a portfolio loan at 80% ltv, you could cashout refi and get 200k to play with (minus closing costs). when you compare the now-lower cashflow from the existing portfolio (higher LTV & maybe different rate), to what you can do with 200k cash, THAT'S where it gets fun. maybe you lose 1k/mo in cashflow on the original portfolio (literally just made up a number, idk), but you can gain 2500/mo in cashflow with that 200k.. then doing the cashout/refi earned you a net increase in your monthly profit of 1500/mo, plus you're getting debt paydown and appreciation on "more" real estate, probably getting bigger tax benefits, etc.

. ;)  In addition, you may close on a lease/rental, you usually get commission in the entire lease term.

Now he says he isn't going to do what's required to get the permits and he is putting a lien on the property if I don't pay him an additional $40K on top of the $51K I already paid to date.