They must be very low odds because insurance companies are in the business of making money, not paying out maximums.

Sadly, on BiggerPockets, some are quick to label companies as scams without real experience.

Backstory: As some of you know based on previous post of mine I've found my first "possible" real estate deal. 

For example, for this one, there are 5 4/2 in my area and they have close to the same condition as mine.

@Caleb Rehg Just as a note my insurance company frowns upon college rentals and makes me state if I am renting to any undergraduate or graduate students.

If you're doing STR the first thing you'll need is the VLS license from the state, and that comes with the requirement of taking an 8 hour class.There weren't any of those on the schedule, but I need mine so I talked them into doing one in early February if you want to hop on that one. 

Thats awesome that you are going to start in MTRs, I had a lot of success with mine near the hospital in Temple.

Key Deal Points:Loan Amount: $88,000Lien Position: 1st position Purchase Price: $120,000Appraised Value: $250,000Interest Rate/Return: 11% annual returnTerm: 5-year balloon (meaning the entire principal and interest must be paid at the end of the term)LTV ratio: 35.2%---Licensed Lending company for contractsRMLO package completed on buyersServicing company for payment

Do you still recommend using a real estate CPA or is their tax professionals that specialize in the more simple investor situations like mine?

For example, I have a main account that is for my holding company, sub-accounts for each property, and sub-sub accounts for security deposits and things like CapEx for each property.