This is correct, but that .5% is IN ADDITION to all the other closing costs associated with a refinance (Title/Escrow Fees, prepaids, and depending on the bank, Underwriting / processor costs) - so in reality it can be a little more expensive to refinance with IRRRLs.

I spend 1 hr (on the high side) per month managing. 

The highest cash flowing place I found so far is a duplex that's a 3/1 and a 2/1, and there's an additional standalone home on the property that's a 3/1.

This policy will provide additional coverage above what your existing policy covers.

I would strongly recommend spending the money to meet with an attorney for an hour before you put anything in writing to your tenant.Good Luck!

In addition being able to do your own searchs and one thing out west here that was very productive for us/me was just going through the big Plat maps ( the actual mylar / paper ones in the day) We could find shadow plats.

In addition to my real estate expertise, I’ve spent years building and collaborating with property management companies.

Additionally, I don't have the time to sift through all the legal jargon and pinpoint where they’ve breached the contract, so it's worth having a lawyer review it in my situation.

So, if an agent says that, its not something you should be spending your time second guessing.

@Agustin Conti Are you sure you'll be able to sell it and recoup your spend?