When you move forward, they should provide proof and name you additional insured.

Additional Considerations✅ Confirm assumption eligibility – Contact the lender directly before paying the arrears.✅ Get everything in writing – Work with a real estate attorney to draft a contract protecting your funds.✅ VA entitlement impact – If you assume the loan, check whether the seller’s VA entitlement is released.Final ThoughtsThis deal has potential, but structuring it correctly is key.

The family viewed the house, loved it, and requested that I install satellite TV and add it to the costs, which I did.

All of our self-storage run at basically 100% occupancy except for our most recent addition. 

the majority of even my national users are looking to keep cash in reserve and as such are looking to landlords to finance that TIA as additional rent at a return premium and then that extra rent bakes off in whatever term is negotiated. 

Highest number of units without getting into commercial buidling codes at 4 units you have additional engineering requirements. 

For comparison, I just completed two new build duplexes in a flood sone in central Houston using a builder for these and my Hard + Soft costs were $149/ft. the only additional cost to factor in was the land.

In addition, a strong property management company will tackle all aspects of marketing, application, ensuring resident satisfaction, fair housing, handling late payment/evictions, renewals, etc. 

Here in FL a pool trumps all and having a spa feature built in offers additional ROI. 

You can assume about 1% in closing costs in addition to commissions so you're starting around 7% before the seller gets any cash at closing.