I’d like to get the property insured.

My current payment with taxes and insurance is $1613/month(this is with pmi of $85/month.

This allowed me to remove mortgage insurance.  

Utilities $14,845, Insurance $13,530, Taxes $7,493, and on down the line items from there.NOI: That yields $85,350 in current run rate NOI.Lessons learned?

Hi Brian,You're on the right track, but to determine if you're truly generating cash flow, it's important to look beyond just your mortgage payment.Here's what to consider:Income: You're receiving $2,100 in rent, which is great.Expenses: Besides your $3,232 mortgage, you likely have other expenses like property taxes, insurance, maintenance, utilities (if you cover any), and potential vacancy costs.If your total rental income exceeds all of these combined costs, then you're generating positive cash flow.

After recent significant increases in property taxes, homeowners insurance, utility costs, supply costs, maintenance costs, and construction costs the margins are thinner to a significant degree.

Not all mortgages require you to escrow taxes and insurance.

Talk to the insurance company and see what they are suggesting.

Yes you can sell a fire damaged property and keep the insurance money.

I know that insurance companies will do this sort of thing.If you are interested in this sort of thing, list on Furnished Finder.