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.

I had figured the following expenses: vacancy/credit (8%), Property Management (8%), Property Taxes (4%), Insurance (3%), CapEx (10%), and Repairs (5%).

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!

  - my only insurance claim in 28 years of car/home policies was for a windshield (road damaged) 10+ years agoI now realize it is likely for my State Farm policy premium to increase and after having read all sorts of horror stories online, I guess worst case scenario would be State Farm cancelling or not renewing my policy at which point I'd be at the mercy of high risk/$ options. 

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

Her health is good (meaning they would be waiting and paying for a while)2. she owes too much on the house3. the house isn't worth enough to justify the labor hours required to service the client

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.