Can anyone recommend neighborhoods/suburbs to aim for with better vacancy rates?

The popular one that's being used here has no clause for the early termination of the lease.What is the standard policy if the tenant terminates the please before it ends?

I heard Brandon on on the BP Podcast mention that he uses cash value policy vs replacement cost policy. 

@Caleb Gray - we have not yet set an official policy in place for this yet.

I don't want my insurance policy to skyrocket (increase in price) with this new claim, I am assuming its is like car insurance once you hit someone or something and make a claim it jumps astronomically in price. 

I have a policy which requires clear written communication in advance for late payment plans and I penalize other behaviors (with fees).

Commercial leases of free standing buildings are usually triple-net (NNN) .Commercial leases are also usually longer 5-10+ years and include regular increases in the lease.Check with your insurance agent to see if you need a different kind of policy.

All my other policies are with Allstate- but since they are in Maine, that does not seem to help me.

My next steps are: Form a LLC (name already chosen and confirmed it can be used in above States)Set up a business bank accountInterview property management companies (need some referrals)Look into financing in detail (conventional loan vs hard money lending) - need to look at smaller banks that would lend to a LLC perhaps with a personal guaranteeVisit the site (maybe a property tour)Make an offerGet an inspection / appraisalClose on a dealGet a landlord insurance policy + umbrella policy (need some referrals)As always, I would appreciate any comments, thoughts or feedback.

So I just got a $1M umbrella policy to cover me above and beyond my normal insurance.Good Luck!