I would really like more details on the property to give you advice. 250+ Dom is usually a sign of serious issues with a property, investors won't let good properties sit that long.If you can supply details like purchase price, rehab cost, ARV, time frame to rehab and so on we can give you better advice.Are you nervous about unknowns, or because your using family money?

@Juan Carlos Quiroz Zolezzi maybe someday you'll see an e-book by an unknown author, "Swatting for Real Estate Investors."

Often they don't want to hear from anyone unknown to them.

Are you leaving a cell number that blocks unknown numbers?

This is not a lamdlord situation just elderly people who could not make payment anymore for an unknown reason.We have not started the foreclosure yet and unsure it is worth it.

After I get some experience under my belt, I would love to work in the business at an unknown capacity at this time.I would really like to hear from those who currently work in healthcare, or from those who once did.

We have not yet started repaying ourselves because 2012 had no income and 2013's apartment income is still overshadowed by the renovation expenses. 2014 should show a profit.How we deal with the debt is an unknown to us.

After sitting down and calculating known expenses, inputting unknown expenses, and income, this property will clear $3,000 per month.

However, you can strip the policy down to a basic fire dwelling policy without additional coverages and it will probably be less than what you are paying now.My conclusion is landlord policies are more expensive for the same coverage because of the risk of an unknown tenant who is not the owner and does not show the home the same care as a homeowner.

Too many unknown variables (i.e. age of property, condition, market cap rate, seller motivation, owner financing terms, upside in property, etc.) in play to give more concrete thoughts.