Insurance coverage is another separate paragraph - typically the Lessee (laundry company) will spell out how much PL & PD insurance coverage if offered.

You will need to notify your current insurance provider that you are converting to an investment property so your coverage can be updated accordingly.When obtaining financing for your new primary, you shouldn't get any weird conditions around your current primary unless you've been in it for under 12 months...

Debt Service Coverage Ratio (DSCR)Definition:DSCR measures a property’s ability to cover its debt payments with its net income.Formula:DSCR = NOI ÷ Annual Debt Service (mortgage payments)Example:Let’s say your loan payments (principal + interest) total $60,000/year.DSCR = $74,000 ÷ $60,000 = 1.23A DSCR above 1.2 is generally considered healthy by lenders.

Markets like Citrus Springs, Ocala, Palm Bay, and parts of Lakeland still offer new builds at reasonable prices with solid rent growth potential.Let’s break down the pros and cons of your approach so you can move forward with confidence:Pros of New Construction for First-Time Investors:Low Maintenance: As you said, everything is brand new - roof, HVAC, plumbing - which means fewer surprise repairs in the first 5–10 years.Warranty Coverage: Most reputable builders offer 1-year full warranties and 10-year structural warranties, reducing risk.Strong Tenant Appeal: Tenants love new homes - clean, modern finishes = higher rent and lower turnover.Builder Incentives: Credits toward closing costs or interest rate buydowns can be great leverage.Ideal for Out-of-State or Passive Investing: If you’re not planning to be hands-on, new builds tend to be smoother operationally.Cons & Watch-Outs:Lower Cash Flow Upfront: Because new builds are usually priced at a premium, cash-on-cash returns may be modest the first few years.

You’ve got rebates, inflated extras, and coverages that mostly pad the dealer’s profit.

While we don’t require pet-specific insurance, we do recommend tenants carry renters insurance with liability coverage.

Supplement or Increase my current income with my Real Estate Agent Job Alone 4.

Look into DSCR Loans (Debt-Service Coverage Ratio)These are designed specifically for investors and don’t look at your personal income or DTI - they look at whether the property can pay for itself (i.e., does the rent cover the mortgage and expenses).

"Or would you still recommend leaning on using liability coverage?"

(For context, my employer pays 100% of the cost for a very nice insurance plan with $0 copay on many things and small copays on other things, and has good out of network coverage.