By crafting a bill this incredibly vague with little to no explanation as to how or who will decide what costs are “necessary to maintain the dwelling unit” or “substantially likely to force a tenant household to move or involuntarily relocate”, you have guaranteed ample employment opportunities for attorneys to argue both for and against this.

This property had great structure, 3 recently renovated apartments we could fill instantly, and 2 apartments that we could renovate to improve the properties value.

We rehabbed the dwelling and subdivided the land.

Big insurance companies like Allstate will require you to submit proof of CapEx repairs before they can increase your Dwelling Coverage that can cover your loan amount, which is typically required by your lender.

@Anthony Fanucci If you are not familiar, ADU = accessory dwelling unit.

This can be accomplished through adoption of an interim ordinance to limit rent increases for certain types of dwelling units for a limited period of time.

@Anna Watkins, if it's primarily the property and not the existing dwelling that has value to you, consider getting insurance that covers you for liability without worrying to much about covering the dwelling.

If I buy now existing house I will pay market 100% value and need to pull out of pocket 20% down for old house which doesn't have any instant equity.

Of the 2 rentals I currently have, my vacancy rate has been less than 1%, but this is going to be due to many factors I believe, area, type of dwelling, actual rents, quality, etc.. the rest of your numbers looked good to me though, maybe a little off in taxes and insurance, but without actually knowing a specific property all you can do is estimate.

The basic policy for a rented property is a Dwelling Policy, which covers the property (on a Replacement Cost or Actual Cash Value basis, or on some hybrid of the two), appurtenant structures (up to 10% of the value of the property) and basic liability.