Can anyone share with me a good rule of thumb in terms of the price / sq foot we should expect to pay for insurance in this area?

Hi Kyle,There are "in service" rules, as well as repair/capitalization regulations that impact this. 

Those on this thread, thanks for your feedback and support. 

Here in UT there are very few rules specifically about wholesaling - I don't know how CO looks at it, but I know UT is starting to take a much closer look at wholesaling and I would expect this market to tighten up a little bit when we've got more rules in place.

If not, have  you asked your current CPA to provide you the support behind their advice?

Knoxville and Chattanooga still have a TON of great deals, and many properties far exceed the 1% rule.

Or since you know one is leaving soon, you could just create 2 leases (one for each).But you need to see that the one remaining longer has the income to support paying rent on their own as a solo tenant.

However, not all self-directed companies will allow the LLC structure.When setting up any of these accounts, it's important to know ahead of time the compliance rules that must be adhered to, which primarily relate to self-dealing with your tax-advantaged funds.

Howdy @Tim LynchLook at the 50% Rule Cash Flow estimate of $99.16.  

Overwhelming support for me not to do it.