Half of the questions I could research (asking my insurance agent for a health insurance quote, for example), while the remaining questions I concluded could only be answered after I took the plunge.

Watch for hail Damage and insurance costs.Don’t spend to much time on things like forming llcs or trying to think of the best strategy.

The rates went up big time yesterday btw Once you figure out monthly mortgage payment, property tax and insurance and the total is substantial lower than the market rent then it’s worth looking into.

Our lease does state that if they fail to notify us of things needing maintenance and repair within a prompt manner they can be held financially responsible and We do require they carry renters insurance so I am wondering if it is something renters insurance would cover? 

Who do you use, what do have for professional liability insurance?  

In your other post you mentioned that you couldn't afford insurance on this property, and insurance isn't included in your expenses listed above.

Matt - thanks for the outline ...as you mention needing  financing  ...definitely get  yourself  pre approved  for whatever hypothetical scenario you want  to use  ...if you already have done this - great ...if you haven't yet done this - get it done before you begin looking  seriously  …….by doing this you will become more familiar with the  figures  involved and the  process plus you will be able to insure your financing is viable and available should you find a property ..thanks

If you have any recommendations of any insurance broker regarding this then please do suggest. 

That on top of the escrowed payment of 1 year of property taxes and insurance upfront (which was not disclosed to me, until I got a loan estimate) has also increased the down payment by $7,500.

What are some of your liability and insurance challenges in your area?