Lastly, make sure your tenants have renters insurance to cover their property.

High priced insurance people.  

However, if you're running your numbers then you'll want to make sure that you're including all the interested paid for the money borrowed from your HELOC as well as the carrying costs including utilities, insurance and property taxes.

I have, however, gotten other tenant types form Zillow - mostly insurance relocation claims

Utilizing an attorney sans title insurance can work well - IF the attorney is knowledgeable and experienced in real estate transactions and the parties are ok forgoing title insurance.  

I’m a Colorado commercial insurance broker and have a lot of carriers available in my agency.  

Yes, this creates problems for title companies and title insurers to resolve. 

#s: value: $440k each, total debt: $310k each (incl. arrears), prop taxes/mo: $500, insurance/mo: $25, common charges/mo: $380, rents/mo: $2700 & $2250Pls feel free w/ any solutions / input / ideas.TxDave

Because I’m unable to obtain an insured title for two years, I did not plan to invest in this property until then for risk of losing my investment.

I am trying to buy my first real estate property but I am not a homeowner yet.