I just fully deploy it in recession proof activities like lease to own & some metals for insurance & upside during a crash!

I'm trying to decide what the coverage limit should be for landlord insurance.

You can expect 40-50% of rent to go towards tax, insurance, operating and cap ex.

Be sure to check about taxes and insurance. 

It takes almost 30% just to cover taxes, insurance and management, let alone any maintenance, repairs, or capex expenses.So many reasons why people should do their due diligence.

One thing I did was get my own insurance policy and glad I did because I incurred 12K worth of water damage about a few months later after the transaction.

Also you have no expense for insurance, or utilities, and your repair budget seems a bit low.

Then there are fixed costs: I generally budget $700/yr for insurance, and $200/mo for water+sewer as it must be paid by the owner (I'm looking in Cleveland, OH).Given that I have fixed monthly costs of $258 (insurance + water/sewer), and 30% of my income will go to variable costs (I haven't even touched on property taxes, which runs ~10% to rental income in my analyses), how can you ever cash flow on a property unless it has disproportionately high rent?

Or is that what insurance is for?

Cost of mortgage, HOA and insurance is $1300/mo.