Generally, the coverage of the policy will state; “The coverage of this policy shall continue in force as of Date of Policy in favor of an Insured after acquisition of the Title by an Insured or after conveyance by an Insured, but only so long as the Insured retains an estate or interest in the Land, or holds an obligation secured by a purchase money Mortgage given by a purchaser from the Insured, or only so long as the Insured shall have liability by reason of warranties in any transfer or conveyance of the Title.”

Rhino makes money from the premiums paid.

It may surprise you, but we have always operated under the premise that renewals make us more money than new leases.

If I had to guess I would say your money could “develop” 1-2 houses in Staten Island but in the right market you could easily get up to 12 or possibly more good units fully paid for.

Another reason to not like a PM is that there is no incentive for them to save you money.

Buy a house using your parents' money, then manage it for them while living there.

By purchasing this property, I now have very little money, but I still want to invest.

I figured lowest money out of pocket was the best way to go, and in this case FHA would provide the lowest downpayment.

NO THE ASSIGNMENT FEE IS NOT YOUR MONEY.

I agree that the best way to make money is self manage your short term rental (not AirBNB, that is a platform).