Calling a Wyoming LLC and an umbrella policy your risk management strategy is not going to cut it.

The profit they make can range from a few thousand dollars to upwards of $50k or more, so i'd cut out the middle man and list yourself if you're selling.

@Jeanette Land no clear-cut answer!

I've installed tons of new kitchens and baths during occupancy which cuts down turnover time significantly.Also, if you buy a property with existing tenants in place and rents are way below market, I recommend re-screening them as part of signing a new lease.

Nevada also offers some of the lowest property taxes nationwide.Sources:Homeowners insurance: National/state averages for $300K dwelling coverage with typical deductible.nerdwallet+1Property tax: State/local government averages and example calculations.makefloridayourhome+3https://www.nerdwallet.com/article/insurance/average-homeowners-insurance-costhttps://www.makefloridayourhome.com/florida/blog/property-tax-in-floridahttps://www.nerdwallet.com/insurance/homeowners/nevada-home-insurancehttps://worldpopulationreview.com/states/nevada/property-taxhttps://smartasset.com/taxes/nevada-property-tax-calculatorhttps://www.hometaxsolutions.com/2025/06/how-property-taxes-are-determined/https://www.nerdwallet.com/insurance/homeowners/florida-home-insurancehttps://www.bankrate.com/insurance/homeowners-insurance/states/https://www.axios.com/2025/08/26/home-insurance-premiums-cost-maphttps://matic.com/cost-of-homeowners-insurance-guide/https://www.moneygeek.com/insurance/homeowners/average-home-insurance-cost-calculator-texas/https://www.greatflorida.com/blog/2025/how-much-is-home-insurance-in-florida/https://www.kiplinger.com/taxes/floridians-vote-to-increase-property-tax-breakhttps://www.moneygeek.com/insurance/homeowners/average-cost-home-insurance-nevada/https://states.aarp.org/texas/texas-homeowners-insurance-rates-risehttps://www.texastribune.org/2025/06/04/texas-legislature-property-tax-cuts-2025/https://www.marketwatch.com/insurance-services/homeowners-insurance/average-home-insurance-cost/https://www.rocketmortgage.com/learn/property-taxes-by-statehttps://www.insurance.com/home-and-renters-insurance/home-insurance-basics/average-homeowners-insurance-rates-by-statehttps://belonghome.com/blog/property-taxes-by-state-2025I hope this helps.

I'll cut straight to the point, I'm looking to learn how to flip houses.

Bank financing is available from a local credit union or bank, but dont be suprised if the bank cuts you off at 60% LTV of the ARV

Quote from @Andrew Steffens: Love this - this combined with rate cuts will turn economy into a rocket.I am pretty bearish on rate cutes. 

@Julian Buick without trying to sound self-serving, this is one of those situations where TurboTax just doesn't cut it.

Even though I had insurance and had even added on a couple optional items, it was death by a thousand cuts on the repairs.