For insurance Hunter Gall from Whims Insurance Agency gave me the best rates.

I feel the market we are in, it’s hard to find a property that will cash flow above 8% CoC return with current prices and interest rates.

Replacement of Water Heaters: No permit shall be required for replacement of water heaters in one- or two-family dwellings, provided: The energy use rate or thermal input is not greater than that of the water heater which is being replaced.

Interest rates are coming down so could be great! 

. - Mortgage terms, rates and competitionTypically vacation rental properties are investment properties.

My long time STR that was converted to MTR due to not getting an STR permit has good occupancy (90%) but the rates are terrible due to nearly 200 furnished rentals in the little community being converted to MTR at the same time (I rented NTR at lower rate than I could have gotten for an unfurnished LTR).  

But I am being told I can only refi, which I will never do because my rate is 2.8%.

Then my contractor installs it at his hourly rate of about $25/hour for a 1 hour charge.

I could keep in a Money Market at 2.x% return OR, what if I kept the $40K sitting in the additional equity of the property that I could tap into the line of credit in the event it was needed.The quick math:A rental property @ 8% cap rate - 6.190% floating LOC rate = 1.8% interest rate arbitrage on the extra $40k sitting in equity.

I am going to buy cash since I don't feel like giving away 4 to 5% just for hard money loan Origination and then 11 % or above interest rates.