I intend to pay all cash, thereby removing the requirement for flood insurance. 

If investing out of state, I recommend building a team you trust including a realtor, property manager, lender, and insurance agent, and maybe even a mentor who has invested in the same area.

If the property doesn't meet the DSCR or the value basedon the market cap rate, your down payment will increase to bring up the DSCR orclose the gap to cap-rate value.Challenges/Lessons Learned: Just becauseyou can buy a property with a CMHC insured loan doesn't mean it is a good deal.We've seen a lot of investors agree to pay too much for the properties, and getshocked with a big down payment and low cashflow due to the low DSCRrequirements.

If I was going to sell one of my parks I would not provide my tax returns or bank statements but would provide my P/Ls, rent rolls, list of utilities, taxes, insurance, etc.  

First, you always wind up being in for more than you budget, always, and two if you are cutting the capital requirement needed close then you can go under and default.Truth be told, to get through a deal and afford: Down Payment, Closing Costs, Holding Costs, Deposit for contractor, taxes, insurance. 

Annuities and cash value of life insurance are fully exempt in Texas and Florida as well. 6.

With used cars averaging $34,859 and full-coverage insurance costing $2,496 annually, only California is pricier.

Dont just turn the Claim in with your insurer.

I feel you would be better served by driving for dollars and putting together a small but targeted list of distressed properties that you can skip trace, call or mail the homeowner. 

Title Insurance.