However, depending on your loan type, if you put less than 20% down, you may have PMI (private mortgage insurance) which will make your monthly payment higher by up to a couple hundred dollars.

Or if my landlord homeowners insurance policy will cover this?

Our law firm is seeing an increase in eviction filings this year.

It’s looking like this will cash flow neg just with est mortgage payments plus insurance and taxes of $1100ish (after renovation), property management of $120. 

I’d recommend having this discussion with her now and just get a firm move out date whenever that is.

I would include at least the heavy hitters like title insurance, transfer taxes, appraisal, and paying my closing agent.

Just get extra liability insurance on them.

If your insurance coverage isn't enough, they could seize the LLC assets, but not your personal assets.Additional thoughts:1.

We have property taxes and insurance to pay.

At least 2-3 times each week, I get a referral or lead for someone wanting to buy an investment property with 5% down that cashflows $23.00/month with an insurance estimate that is half of what's realistic.