This way you are made whole in the event of a claim and it allows you to buy a policy at a lower rate while avoiding penalties for being underinsured.Every company and policy is different but this is an example of how diverse insurance is when it comes to investment properties.

You have to make a character judgement on the tenant and see if you think this was a one off type of event or if you think it will become a trend.

And will send you colleague requests like I did this morning.Look forward to meeting you at our Black Diamond event that Shaun mentioned, url in my signature.

If you do not understand all the wording it might be worth it to throw a hundred at an attorney to review in the morning with options incase the seller does not pull through.The contract usually spells out what will happen in the event of a default.

Welcome @Mat Canada - We are actually having a networking event in the burbs next week and then one in the city April 9th

Welcome @Adam G We are having a networking event April 9th from 6:30 pm - 9:30 pm at Celtic Crown in the upstairs bar.

All are going to have rates well above bank rates, HMLS will be double digits and that's rarely good for buy and hold.Yes DTI is always a factor on SFRs.

I eventually want to find a mentor to help guide me through the process, but I have had little success networking at local REIA events, most likely because I am young and seasoned investors just dont have the time deal with every newbie that comes and goes.

One bad event can take out the whole thing.

Better yet, they sell tamper proof digital thermostats which have a max setpoint of 72 degrees for landlord.