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?

Steadily is an MGA and they also act as an insurance agency.  

I need to get this existing company out of my life. 

@Stanley J Black can help with insurance.

Life always throws surprises, right?

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

Quote from @Lillian Pintaro: Hey Guys, I've been in the Birmingham Market my whole life!

I want to start investing in assets early in life, and possibly become a landlord in the future. 

@Elaine Ericson ugh - yes insurance would have covered this but without it, not much you can do.

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).