Total Insurance Estimate $ 262.50 Current rent $ 800.00 $ 9,600.00 $ 10.40       $ 21.88 Less: vacancy allowance - 10% $ 40.00 $ 480.00         Net Rental Income $ 760.00 $ 9,120.00   Property Taxes 2.5264% $ 505.28 Plus: Other Income $ - $ -         Total Income $ 760.00 $ 9,120.00 $ 9.88                 EXPENSES         Property Management $ - $ -         Repairs & Maintenance $ 100.00 $ 1,200.00         HOA $ 250.00 $ 3,000.00         Advertising & Legal         Insurance $ 167.00 $ 2,004.00 $ 2.17         Total Expenses $ 517.00 $ 6,204.00 $ 6.72                 Net Operating Income (NOI) $ 243.00 $ 2,916.00                 Less Debt Service (PI) $155.06 $ 1,860.72 $ 2.02         Less Property Taxes $ 42.11 $ -                 Net Cashflow $ 45.83 $ 1,055.28                 Operating Expense Ratio 68.0% (Total Expenses/Total Income)               MORTGAGE INFO         Total Loan Amount $ 20,000         Type of Loan Seller Financed         Term (Months) 240         Interest Rate .07         Down Payment $ 2,000 10.00%         Monthly Payment (PITI) $155.06                 Purchase Price $ 75,000         Closing costs $ 3,000         Rehab $ 7,000         Total initial investment $ 85,000                 LTV 27% Loan Amount/Purchase Price         Cap Rate 4% Annual NOI/Price         Cash-on-Cash Return 146% Annual before-tax cash flow (i.e., NOI)/Down payment    

Hard to say what would work.Each individual has a different risk tolerance, amount of being passive versus active, needs cash flow today versus more equity growth on the back end, certain time horizon to stay in the investment,etc.Only the individual can decide what is most important and the best fit through research and self discovery.For me as a syndicator and sponsor I like deals where there is big equity gain on the back end for my investors and myself.

My question is how to determine the proper amount of walls-in insurance to carry. 

The house on redfin is now 1,090,000 with a remaining mortgage amount of $600K meaning I have about 500K in equity in this property.

Although I have gotten a tremendous amount of information I'm looking for some advice on how to start my journey; what you wish you would've done, or have learned from, how to start quickly, etc.

Then offer the people who've been paying the taxes a reasonable amount for their interest or offer to sell them yours..    

What's a good amount to ask the end buyer for a deposit?

After all, if I wasn't there then we would have to pay a real estate agent the full amount for that expertise.

I have say 3 of these so far like this with my bank.Principal Amount $99,200 , 179 consecutive payments of principal and interest $701.32 every 5 years interest rate is based off US Prime rate plus 1% and year or 2033 will be balloon payment of $37,120.

My 'roll over' amounts were MUCH larger than my contributions since I switched over, as is often the case I think.