Insurance is sufficient.  

Depending on the market and depending on your experience, I would say $20,000-$40,000 is sufficient to start.

Then your choices sound more foolish than unfair.

The catch is the self-sufficiency test. 

Built in 1890, this Old Victorian was converted into a duplex in the 70's by a talented architect who made some unique and extraordinary custom design choices (read Vaulted Sunlights) that make this property truly one of a kind.

But he does not have a choice to stay and not renew (as long as you enforce that).  

Or NV is a good choice low prop tax's and no income tax..also personally I have been looking for a summer cabin in the Sierra valley.. this is north west of Reno and one of the best kept secrets in CA. 

For buy-and-hold investors, DSCR (Debt Service Coverage Ratio) loans are an excellent choice for a few key reasons:1.

Traditionally if you want to hedge against inflation, RE is a great choice.

Here are a few strategies that might help you:* Traditional Financing* Hard Money Loans / Private Money* PartnershipsUltimately, the right choice will depend on your comfort level and financial situation.