I bought in 2012 and had no issues getting insurance.

Hello everyone, I am at a loss at guessing the proper about of insurance coverage for my properties.

Below are the details:Ask Price:   $2,595,00025% DP:   $648,750Monthly P&I (30 Year Amor @ 6%):   -$12,897.15Annualized Market Pro Forma NumbersPro forma Rents (24, 2/1 units at $995/month):   $286,560GOI with Vac/Cred at 8%:   -$24,357.60Pro forma Expenses at 30%:   -$85,968.00NOI:   $176,234.40P&I:   -$154,765.80Cash on Cash Return:   $21,468.60Deal MetricsCap Rate:   6.79%Debt Coverage Ratio:   1.14Cash on Cash Return:   3.31%Cost Per Door:   $108,125Adjust Rent/Price Ratio (per door basis):   0.9202%My MFH investing education is still on-going, but it looks like the seller is trying to sell this as a stabilized asset.

I owe about 15,000 left on the car and I’m just not sure if I should start making heavy payments to pay it of sooner or just sell the car and buy a cheap economy car with cash so I no longer have a payment also my insurance would go down... much love BiggerPockets community!

There are two types of insurance agents.

Annual additional expenses run about $1000 per year, to include insurance, maintenance, etc.

The seller didn’t even know about it since it was vacant.I learned that the underlying lender did purchase homeowner insurance.

Natural disasters may occur anywhere in the country so insurance up.

Best case, nobody takes over your property, but you are paying a mortgage, insurance and property taxes on a property that you barely use...Ideally, you would buy a place furnish it and master lease the property to somebody who does furnished rentals. 

. $1325 monthly rent rent $15,900/yr minusYearly expenses of $660/Hoa (gates community)  $819 taxes, $561 insurance $1272 property management.