Given our financial constraints at the time, we couldn't afford such a high sum for limited coverage.I'm told that the lapse in coverage for the few months between being dropped by our previous insurer and attempting to get a landlord/investment property policy will make if VERY difficult to get a policy.I'm not sure that my agent really has much experience in insuring investment properties/rental properties.I reached out to Arcana (now MSI, and they forwarded my a list of agents/reps that could work with me.My question is: Are there any other places I should be looking to obtain coverage?

Most vacancy issues in stabilized multifamily is due to a stubborn owner holding out at too high of price.Vacancy is much more of a factor in retail and office where tenants aren't so easily or quickly replaceable.

We have a network of highly qualified and vetted subcontractors that we work with.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

You'll have higher out of pocket costs for inspections and appraisal on 5+ units, LTV typically doesn't go as high, many lenders require a 70%+ occupancy rate.

With the high property tax and about 10k of work needed on the home.

I have a high credit score and zero debt; I just don’t have the work history.

Is this price point too high for rehab companies, flippers ,etc?      

I am trying to avoid being marked as a HIGH RISK. business so I'm trying to find the best one that fits for that.

I’ve had to change my strategy due to my city being a high market.