$500 off up front is a one time discount, the $40/month lower is the gift (to the tenant) that keeps on giving. 

Combine that with insurance raising rates not just for dropping licensee count, but also to cover increased lawsuit risks.

Finally, even with a substantial discount, the house may not be worth it.

Cap rates:  Cap rates have been expanding, but sellers think they will tighten. 

We have the full gambit from 1) finding and buying the right property in the right locations to 2) professional execution of the design to 3) discounted property management services.  

diversification and cash flowSan Jose, CA has been very appreciation heavy... and i'm not opposed to keeping some property here, though the multi-family / commercial real estate has very low cap rates, and low growth from what i'm seeing.

There is a lot more to it than the rate.

I would also question how the house gained 55k in equity, or ~24% in 2 years when interest rates rose and demand fell.

Im self employed, roughly make $130k gross anually, 1099 NEC , no debt at all, 740 credit score.  Want to get a loan for $250k in AZ

He said that the insurance company gave him a discount because the materials are less susceptible to fire than common materials used like asphalt shingles and stucco.