A practical approach is to weigh whether the extra $200/month cash flow and appreciation potential outweigh the added workload and risk, and make sure the numbers still work if unexpected expenses come up.

What can sellers do to encourage more backup offers on a property 

I'm trying to figure out if this is a viable strategy or just sounds better on paper than it works in practice.

Quote from @Stuart Udis: @Peter Walther You are correct the insured is the client but from a practical matter insurance defense counsel takes marching orders from the carrier.  

Quote from @Rob Tomko: I was hoping to hear some best practices for people out there that own multiple properties.

We are all critical of this brilliant idea but I have not heard anyone tell us a, practicable, better idea to help affordability for the masses.Remember this is a free economy and offering more choices is not wrong, the 30 yr mortgages will still be available for those who want it.

You have to maintain a weekly report of your erosion practices, any additions or changes to the practices, weather occurrences and impact on the site.4. 

Quote from @Devin Conley: Completely agreed @Alan Asriants - good breakdownAverage holding period is less than 10 years so your math is the practical end state for most buyersOnly ~5% of payments go towards principal in that time... so any meaningful equity comes entirely from price appreciationAt that point, you're just renting a leveraged bet from the bank, including all the exposure to downside risk if prices dropQuickly turns into (even more of) a speculation game Right - you are honestly operating more like a business with higher default rates than a "smart" investment

Period.A Practical Example in Your MarketHere’s a real-world example using 347 S Grant Ave, listed at $379,000.Let’s assume: You buy it at list price Seller covers closing costs You buy the interest rate down to 6.25% via concessions FHA loan with 3.5% downEstimated monthly payment: Principal & interest: $2,251.89 Taxes: $2,870/year → $239.17/mo Insurance: Approx. $1,500/year → $125/moTotal estimated payment: ≈ $2,696.06/moNow let’s look at the units: Main House: 3 bed / 2 bath Basement Apartment: 1 bed / 1 bath (this would be your unit) Back House: 2 bed / 1 bathBased on Rentometer averages: 3/2 unit: ~$1,495/mo 2/1 unit: ~$1,170/moCombined rents: $2,665/moNow do the math:$2,696.06 total payment – $2,665 rent = $31.06/monthSo you’d be living in the 1/1 for roughly $30 a month.

A lot of attorneys sell these structures as a blanket solution, but they don’t always consider cost, practicality, or your actual goals.At $800/year per CA LLC, that adds up fast — and if you're not clear on why you need all three, that’s a red flag.