@Ana Escudero Property insurance renewals have been challenging the past few years, but there’s some stability with carriers heading into 2025.

Knob and tube is very difficult to insure. 

The insurance payout also impacts your taxable gain.

Quote from @Adam York: Contact your insurance provider and let them know you intend to rent out the home.

Yes, I require renters insurance.

I just can’t imagine how everyday people spend this much money on pipe.I don’t think insurance covers any of the foundation repair, also wonder if insurance will cover any of the sewer line repair work?

They are DESPERATE to find insurance and are striking out everywhere!!

You'll want to ask about their experience, read reviews, understand their availability, pricing, insurance / bonding, and how they safeguard their funds. 

They are definitely responsible for starting the fire, whether utilities were on or not.If tenant has insurance, they should file a claim.

Assuming you sold the home at the end of 5 yearsYour NET ROI would be:0% appreciation: 10.93%1% appreciation: 12.13%2% appreciation: 13.33%3% appreciation: 14.53%This ROI calculation takes into account taxes, insurance, selling costs, repairs (calculated at $3500) through out the lease.