New construction properties can qualify for significant insurance discounts, but otherwise, I generally expect insurance in this area to run a little over 1% of the property’s value if it’s in decent condition.Feel free to DM me if you’d like a good insurance contact to shop around for a better rate.

Check out FilePlace, where user-created forms are available for free.

Feel free to shoot me a DM to discuss any questions you might have about investing out of state, always happy to chat! 

For example, if she can't visit the property, is she good at record keeping (so everything is organized at tax time) or finding vendors, comparing product prices, finding free or low cost items on Facebook marketplace to improve the rental)3. emergency fund.

Feel free to call if you have a more specific question.

Again, if you learn some of the basics, you won't be so nervous about the problems you will eventually face.Start with BiggerPockets Ultimate Beginners Guide (free).

If it's a larger organization, feel free to inquire about their different staff qualifications.2.

Start with BiggerPockets Ultimate Beginners Guide (free).

If you have any questions or concerns feel free to reach out at anytime!

There are some very aggressive investors that refi into interest only products to free up even more cash in the short term - this can be much more risky though, so not recommended if you are not very experienced and have large reserves.