Our mortgage at the moment is around $2100 including taxes and insurance, this would obviously go up if we do refinance.

If I protect my numbers, interest rates would have to be 3.5% or so in order for a 1% house to work (assuming 20% down), which means for $3000 rental revenue to work, the debt load would have to be about $235K at that interest rate (give or take with variable taxes and insurance numbers). 

But insurance continues to be high due to frequent hail storms.

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).

That just has been a go to added coverage here for my clients.  

I already have an investment analysis workbook built that tells me everything I need to know to make a purchase decision, NOI, COC, ROI, and if the property will achieve the appropriate coverage ratio to be funded. 

Your total project cost is only ~ $143k. 3c) Your interest rate is probably going to be in the low to mid 7s, at least4) All states/areas are different, but I usually see with my CFO clients that their property taxes are higher than their insurance, with taxes often 1.5x higher than insurance.5) Lastly, I saw PM fee of 8%, are you paying someone else to manage this?

Any other good platforms to post ads or insurance relocation etc websites?

@Voley Martin Make sure you get updated insurance costs.

If you’ve worked with someone licensed, bonded and insured in the Cleveland area that you would recommend please share.