You’ll want to consider the purchase price, HOA fees, taxes, insurance, and the rental income you can realistically expect.

Good Day,I need to estimate how much the insurance will be before I purchase the property. 

Keep the funds away from your day to day accounts.Check your insurance.

some people are saying save your $800 and buy umbrella insurance.

some of the charges are driving with a suspended license criminal littering/ pollution on private property no mandatory insurance unsafe lane changecriminal trespassing...showed bonded out and later dismissed disorderly conduct...later dismissed driving with no head lanps

Plus I pay his insurance .. its taken 3 years so 300k a year and I do all the admin etc..

@Alexander F PollockYou may lose a tax benefit of a stepped up basis for capital gains purposes transerring interest away from her parents.Also consider conducting a judgment searches on all parties to the transaction to confirm there will be no title problems for would come up when the LLC sells in the future because you will not have title insurance to cover prior owner issues.

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).

@Robert Morris it can work - until it doesn't via a lawsuit.Challenges:1) They are NOT professionals2) They are not licensed, so may cause you legal headaches3) They won't have insurance, so what happens when their actions lead to a lawsuit?

What does your insurance require?