In these instances, you'd have to check things like flooring, plumbing for leaks, roof for leaks, hot water heater, and heating and air conditioning units. 

.”• I pay all the costs – things like Real Estate Commission - Title Insurance - Escrow Fees - Transfer Tax -Termite Clearance - Roof Certification – the list goes on and on..• And I buy them in an “as is” condition.

The state the property is located in, homeowners' insurance policy, and whether you rented as an LLC or individual all make a difference.

Many of the people I met in the Auction Preparation Workshop (more on this later) were struggling with understanding things like title insurance, the varying types of deeds, etc.The weekly coaching calls are very good and the facilitator calls are good as you get started to learn about how to do research. 

What insurance company do you know covers short term rental by the room for a single family house?

New/updated plumbing/sewer/septic5.

I reached agreement with a seller to buy their 12 unit building at a very good price, but the property is located in an area where I'm required to have windstorm insurance because it's location close to the Gulf.

Can anyone recommend what insurance companies they are using and what kind of prices they are seeing for four unit buildings in Chicago? 

Isn't the real problem with florida the lack of affordable insurance?

I was talking to the guy that found me the deal and he said it has a Federal Pacific electrical panel and he's saying I'll have to rip out all the sheetrock and redo the wiring in the house as well as the plumbing because it has galvanized pipes.