There is an offer to buy but if I include everything I've spent over the years, mortgage P&I, taxes, insurance, HOA, and recent repairs, I will just break even.

Regarding insurance adding additional umbrella insurance is great idea. 

I feel sorry for the people losing everything in the fires , insurance will go up .But I wish I was the guy  driving this bulldozer ;t=162s

I own a property management company in WA, including Yakima.Here’s a rough breakdown of costs:- Management: 15-30% of revenue- Cleaning: $100-$200 per turnover- Utilities: $150-$300/month- Maintenance: 5-10% of revenue- Insurance: $1,500-$3,000/yearTools like AirDNA or Mashvisor can give you a solid idea of income and occupancy.

On FHA and conventional, when you put less than 20% down, they hit you with Mortgage Insurance which can eat up any cashflow.

While these loans make it easier to buy a property, they come with challenges:- **PMI Can Be Costly:** With less than 20% down, you’ll likely pay $150-$300/month in private mortgage insurance.- **Interest Rates Can Affect Refinancing Plans:** If rates increase, refinancing to remove PMI or lower payments may not be an option.- **Scaling Can Be Tricky:** FHA loans are typically for primary residences, meaning you’ll need to strategize if you plan to purchase additional properties.Thinking through financing options and backup plans before you buy is essential.### 5.

As interest rates decrease cash on cash increases  both due to the fact finance charges are lower and as an indirect consequence you can often obtain higher leverage (meaning less cash invested) because the 1.2-1.25 debt coverage ratio most lenders seek as part of their underwriting takes into account interest payments.

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).

RE Agents/wholesalers, insurance agents, title companies, contractors, lenders etc. 

We put together a purchase price, interest rate, insurance cost, and property taxes.