These companies do NOT have their own money they all tie into Large hedgefund or insurance company LOC's that can change on a whim and you know sheeet flows down hill.

Then you will have a principal and interest payment of around $13,450.00 plus Taxes and insurance so add in another $2800 for $16,250.00 a month. 

They do everything for you (payments, taxes, insurance coverage) - the website and app are easy and functional and you can vet your guests!

Here are the numbers:Purchase price: 300k @5.5% (might be able to negotiate new exterior paint job credit)Monthly costs: mortgage- 1703 tax-245 (2933/yr) insurance- 167Market rents are 1600$ easy for both sides as is but currently being rented at 1410 and 1325 tenets pay all utilities (separately metered)Planning on putting aside 20% of rents for Maint, vacancy, capex and will be self managing property.

There is a company in my area that it looks like it will cost me about $400 a year per property but after this week I would welcome that "insurance" as I just had a large unexpected AC bill.  

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

(I might call her back to ask her to remind me why this made legal so uncomfortable.)I ended up going with Titan rather than Solera only because when I called another law firm, they said they have a close working relationship with Titan and would recommend them. 

It’s also important to remember that allowing partial payments without a plan can set a bad precedent, so it’s best to handle this firmly but professionally.For the future, collecting the first month’s rent in full before move-in can help avoid situations like this.

you probably know this but - there are holding costs associated with most flips - interest on the loan, insurance, and sometimes others depending on the localityhope this helps 

You will only be entitled to the deductions directly tied to the property, such as interest, taxes, insurance and maintenance.