However, I don’t recommend over insuring because you’re going to be drawing attention to yourself as the deep pocket defendant that everyone wants to target.

I highly recommend starting by tuning in to the BiggerPockets podcast for starters.

Investors with experiences and losses recommend living within 3 or 4 hours of the rental, so it's easy to drive back if something goes haywire.My friends live 2 hours from theirs and it's a hassle. 

Who do you guys use for insurance for rental properties? I have reached out to state farm and they gave me a really good price but I am now worried I am not being protected 🤣 I had an insurance broker but having a har...

Sometimes these properties need rehab, other times they're ready to go.I'm looking for recommendations on the best tools or Excel templates for deal analysis.

I would also highly recommend you starting the loan process now.

@Kislay Shah I can recommend a few if you want to message me.

I don't recommend #2.

Being an OOS investor I would recommend hiring a PM to manage the property.

This is what I recommend for you to get started in your real estate journey:1.