Depending on your investment strategy, you could definitely have a property cashflow right away.

Thought I'd done all of my due diligence for starting into the STR space and now having challenges finding insurance coverage.

Factor that with a total-loss fire, half a dozen insurance claims for smaller fires, easily a hundred evictions, a thousand months of uncollected rent, and a shooting in 2010 that is as close to wearing handcuffs as I desire.If you live in Toledo and are ready to holster up and manage your own portfolio then 43608 has some real potential. 

This includes principal, interest, taxes, homeowners insurance and mortgage insurance!

It seems like the strategy could work (depending on finding a deal and how the numbers look, of course). 

Just doesn’t match up with my goals/strategy/access to funds.

Your Attorney would love to sell you stuff you don't really need.If you don't operated this 100% correctly someone intent on Sueing you will just pierce the corporate veil anyway.You are much better off taking care of your properties so no one wants to sue you, having correct STR insurance and you can always add an umbrella policy for a 3rd layer of protection.

You should also get liability insurance.

Hello,I'm a rookie real estate investor currently house hacking in the greater Asheville NC area looking to purchase a mid or long term rental property in a nearby area. Being about an hour away from Greenville (and h...

I should have mentioned that we are not funding this deal since we are paying in cash.The carrying cost includes: taxes, insurance, and utilities.