Wind, Flood, tornado, Hail, or third party damage or theft can still occur.

Mine are usually 0.4-0.8% of the purchase price for one year but insurance companies expect to pay for a new roof every 5-10 years from hail damage so I usually get my premiums back

So a big hail storm just came through town and shred a large part of the ciy with tennis to baseball size hail and 70+ mph winds.

Thank you for the reply @Brent  Tax and Ins (includes hail and wind) - 3000.00 annually1500.00 total (750 per unit) Recently appraised at 150k 3 year roof My offer would be contingent on inspectionYes the numbers need to work. 

I see you hail from the San Fernando Valley.  

Usually in Oklahoma a hail storm will take out your roof before it wears out.

“In many cases those lower-priced markets are in politically red states with the out-of-state investors often hailing from politically blue states,” ATTOM reported.

Around here, its really common for roofers (lots of hail, here) to negotiate with the insurance comp any on your behalf to try to maximize the payout.

If you figure $7k in closing costs + pre-paids, then keeping another $6k reserves (you must at least at all times have your insurance deductible in cash: North Texas = hail, winds, & tornadoes) then your $40k is really only $27k of down payment.

[b]Hello, I'm Lisa hailing from the midwest - Iowa in particular.Looking to connect, learn, re-learn with those who are doing residential and commercial deals.Possess some good resources for funding.