In order for the system to continue to function, the people must never become wealthy enough to start taking too many days off, at least not on a macro scale.

I have held my 20 unit for about 1 1/2 years now, and could give you quite a bit of info about our management company (the largest in SB). 

Home insurance is a function of coverage amount, not home price, so what service/calculator/website do you guys use to quickly estimate this number? 

You may want to use the search function for realtor and Winston Salem and see what hits you get.

All in all it does function very much like an interest only second mortgage on a property.

Wayne County seems to push that function to the city level. 

Only one unit was functional. 

@Tracy Layton many investors in your position will go without the Property portion of the insurance, but keep General Liability (GL) coverage.GL is usually 10-20% of your total insurance cost, but could be the largest financial claim.

@Jennifer Jacobs  you guys are fortunate  in our little state there has to be at least 10 of them so it can be darn expensive to cover more than your local area.. the Portland PMAR is by far the largest.. but you go down valley a little and there is the Willamette valley one and so on and so forth all charging their own fees to put things on there multiple.. same with over on the coast..

I'd be looking at $10k to replace all the windows and patio doors, or nearly $15k if I keep the arch design.The other alternative is of course to simply not replacing the windows, unfortunately one of the main selling points of the house are the views and the ugly aluminum windows get in the way of that.The property itself is one of the largest in the neighborhood(3500 sqft), the closest comp is considerably smaller(2800 sqft) and not freshly renovated sold for nearly $1m last year.