Here’s a comparison of average homeowners insurance costs and property tax rates in 2025 for Florida, Nevada, and Texas:StateAvg.

I work with real estate investors, developers, and private lenders on the construction side of their projects.I've consulted for billion dollar REITs, worked with insurance companies and attorneys on construction disputes, and reviewed bids for everyone from first time flippers to large scale commercial developers.

My house insurance did pay 25,000 for a leak from upstairs.

The real killer nobody mentioned: insurance.

Underwriting insurance to a vague $200-$300/unit as opposed to getting a lender specific quote from your insurance agent/broker.

There’s been a noticeable increase in listings that sit, get withdrawn, or expire, which has created opportunities to re-engage sellers with better pricing or terms.Georgia’s landlord-friendly environment helps... insurance, taxes, and property condition matter a lot more now than they did a few years ago.Property management is a big differentiator here.

I don't think you can get insurance for an Iranian drone attack on your building.

I am still working through the full financial picture, including property taxes, mortgage costs, insurance, maintenance, and potential renovations, which I expect will vary depending on the market I ultimately choose.At this stage, I am mainly looking for guidance on what I should be evaluating before making my first purchase and how to think about narrowing down the right location.I would truly appreciate any advice, lessons learned, or experiences that members here would be willing to share.Thank you very much for your time and insight.Best regards,Liam Davis

Robert - note, deed/mortgage (2nd lien), JV agreement, and get added as additionally insured on insurance policy.  

What I mean by that is the Insurance trap, when you buy a property subject to the existing finance and you go and have the insurance policy switched to name you as the new main insured party, the lender will be listed on that insurance policy as an "additionally insured party" and will be notified of this change.