Hello,I have a client with an adult family home in Washington State, they are looking to do a cash out refinance.Here is the property info: $570,000 Appraised Value, $2829 Annual Insurance, $3,000 Market Rent, $4,200 Actual Rent, $5,175 Annual Taxes.Borrower has a 720 Fico, and owns 4 other properties, let me know if you can do this.Thanks

If I am renting a property of mine just under my personal name do I need to set up a separate bank account and pay the property loan, taxes, insurance etc out of that separate account?

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).

How do you think this will effect rental rates , home sales ,  construction costs , and insurance costs in Florida and up and down the coast  ?   

@James Clays - I echo other's sentiments here, but I would also add that once you have a good contact (plumbing, electrical, painting, etc..) make sure to always as them who else they know in the business.

@Hilda Cervantes PMC and agent are all you really need.They can both find handymen for repairs, just make sure they are properly licensed and insured.

Would love a beach house next, but not sure after the increase in hurricanes and insurance. 

Not all insurance is the same.

Having a SOLID umbrella insurance policy is really what is necessary.

It is no different than maintaining the electrical outlet for the W/D or the plumbing for the washer.