#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.

Adding taxes and insurance would be an even higher payment. 

Real estate investors often find themselves working with many providers between insurance, financing, property management, tax preparation and strategies, etc.

It’s given me the opportunity to save and prepare for my next upcoming purchase.I’ve gotten the units from $750x2 and $800x2 to a consistent $900. current mortgage is $2500 monthly, refinancing to a conventional and removing mortgage insurance should bring me to $2100. 

Specialized policies, contractor recommendations, tenant screening, lease agreements, utilities, and exit strategies are also important.Good luck!

It is always better to start with a multi-unit 2+ so that if something goes wrong, you still have one tenant to cover necessary expenses (mort, taxes, insur, etc).Also, major renovations are not a great idea for starting out as others said, especially out of state.

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

I hired a public adjuster after Hurricane Michael and was able to get almost 3 X what my insurance company wanted to pay me.

Every contact I needed for insurance, mortgage and cleaners were done online, mostly through connections from BP.