Insurance and Taxes in Seller Financing deals

[Adam Schellhammer]

Hi BP Community,

I am currently analyzing my first seller financing deal on a duplex.  It's an estate sale and the owner is willing to carry the note for 2 years.  The monthly payments are what I need them to be to cash flow if I am understanding it right, but do the taxes and insurance costs get rolled into a seller financing like they would with a traditional mortgage.  Long story short, I recently purchased a duplex with a conventional mortgage and my monthly payments are $1,800.  The new duplex is almost a carbon copy and I can negotiate $1,800 a month to the owner so will taxes and insurance be included in that?  Thanks All!

Adam