When running your numbers, if purchasing a home that isn't new construction and less than $1MM, I would estimate 1% - 1.2% of the purchase price as your annual insurance premium. 

I have recently started writing down addresses of run down or abandoned properties that I would like to purchase, but I only have the owner's name.

Also note that when you formed/purchased the LLC, you weren't married yet. 

I recognize that when my family visits I'm hurting my profitability, but that would be once or twice a year and its part of the selling point to my wife to purchase a property.Where I need help is running the numbers. 

Of course, every owner's situation is unique and factors like the legal entity involved, purchase date, adequate passive income that can be offset with the cost segregation study, etc., will need to be considered.

I sunk a large amount of capitol into these when I purchased them just to make sure they were nice. 

Purchase price: $839,000 Cash invested: $83,900Bought an up/down duplex 4 blocks south of Sloan Lake.

Since you purchased your primary recently and in Houston, I personally am bearish on your appreciation potential.

We want to purchase a property to begin building our rental portfolio but are unsure of the best approach.We live in Sonoma County, California, and I work in Healdsburg.

I‘m also happy to travel to speak to groups or provide 1:1 coaching along your purchasing experience.