Lenders will evaluate the property based on the Debt Service Coverage Ratio (DSCR) rather than personal income, so they’ll want to see consistent revenue covering at least 1.2-1.5x the monthly loan payments.

I, too, do not have great faith in AirBnB's coverage, but if you have to go that route, I would suggest waiting until after the resident's window for reviewing you closes but before your window to file a claim slams shut to start the process.

Yes, the purchasing lender(Flagstaff) may have missed the lack of coverage but, that shouldn't that be on them, because I would not have qualified for the loan if the coverage was added during underwriting.

Rental Loan (DSCR / No-Income Loan)Ideal for: Buy-and-hold investorsMinimum Guidelines:• FICO: 660+ (680+ preferred)• Down Payment: 10%–25% (higher if DSCR < 1.0)• DSCR (Debt Service Coverage Ratio): – Standard: 1.00+ – Acceptable: Down to 0.75 with compensating factorsNo personal income docs required• Lease or 1007 Rent Schedule accepted• Property Types: SFR, 2–8 Units, Condo, Townhome• Terms: 30-Year Fixed, IO, or ARM✅ Best Fit:✔️ Long-term rental play✔️ Property is rent-ready or has solid comps✔️ Buyer has funds to close and hold🔹 3.

This is what's surprising me at beginning of the year.The Milwaukee insurance agent called me hey your dwelling coverage should be 600k !

Assuming your husband is a named insured on the policy, I believe his coverage should continue as long as he holds an interest in the property. 

My biggest concern with a lot of properties in Florida is the insurance coverage.

Check this out if you haven't already:https://www.ci.sherman.tx.us/1227/Comprehensive-PlanI

This is certainly exciting development news, though I share some of Bill's concerns about the underground parking garage given the area's flood history.I wouldn't be surprised if we see a flood map revision as part of this process, which unfortunately is a common municipal approach rather than implementing comprehensive flood mitigation.

Important sections are frequently omitted, which can create challenges in day-to-day operations and long-term planning.This lack of comprehensive documentation becomes especially problematic if you ever consider bringing in partners or expanding your team.