Attaching a premium to a month to month contract will either motivate them to sign the original or the m2m at new rate goes into effect.

So we have a networth so far of:104k - 15k = 89kBut, we depreciated the property for 2 years at 3.7k/yr total 7.4K taxable amount  which we would owe about 1.8k at 25% tax rate (I might be off a bit here and there)Final total net worth from what we thought it was 120k now is 87.1k which is a big difference!

And those that still write policies, have raised the rates a LOT. 

Median home prices skyrocketed during the pandemic and rental rates couldn't keep up. 

Awesome thanks guys just trying to see how I can carry a bit less with expensive interest rates since the seller was agreeable.

The loan could be secured by the property as a note and mortgage and that way you define the payment structure and interest rate to pay them.

Most insurers viewed it as a nursing home quoting rates of $10k annually for a home valued at $129k.  

Perhaps agents need to reconsider that and offer some tiers and some capped rates.

I understand paying a fair rate for services but I expect things to be transparent and timely. 

As such, I'd let the "2 years in the last 5 years" rule lapse given the low interest rate I got on the first and how well it is cash flowing.