If not, can anyone share how you find reliable and cost effective landlord insurance policies?

Read below for notes from the conference and look for notes next week specific to BFR.NOTES- Home buying is currently double the cost of renting in most markets.

You need to compare your cost of living, and overall personal cashflow each money with your current situation vs. this potential new acquisition.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620, many blemishes, but should have no evictions in last 2 years.

I'm not in Texas but insurance costs are rising everywhere.

Trusts do have benefits, but the costs for you at this juncture may outweigh those benefits.Often times, what people truly want is to just be protected in the event the unforseen happens with the property, and thus, a solid, robust insurance policy is often the most cost effective route at this point.

. $16k entry cost plus closing costs.I have 20k saved in cash$83,000 pp 2bed 1bath 950sqft.

Are you financially in a position to handle the cost to see this project through?

Hey Anne, I'd suggest you do some research on the MTR rental rates and vacancy rates in your target area and understand the costs involved in renovations, financing and property management.

I live in NJ, and it has a very high cost of living and with the current rate of interest, makes it a very pricey market so to say, and not that investment real estate friendly.