It's not that dry closings are illegal, but most title insurers will not insure closings that are dry funded.

Double-check whether one of those fees could be mislabeled or duplicated by mistake.Since you're using OHFA’s 5% DPA, you should expect some additional fees related to that, like possibly higher closing costs or mortgage insurance.

My insurance is $120 per month.Is this deal possible?

I love it for the guaranteed rent, tenant stability, additional accountability with the housing authority and large demand for Section 8 housing without enough supply.With strong screening, I'm able to find great tenants and Im not owed any rent.Cons you will often hear is that the tenants are harder on your properties (doesnt have to be the case in my experience if you screen really well), the Housing Authority is a pain to deal with (this depends on a couple things - how well run your local PHA is and how good you are at handling process & details) and the extra inspections/red tape make the niche unprofitable (see what I said above about Housing Authorities).Done right, I believe Section 8 is one of the most stable & profitable. 

@Jesse Herndon and @Troy Biggs, We are in the process of selling our primary residence and will be full-time RVers as we explore the US for the next year (or more :)  We currently own 4 rental properties and I am wondering if you can offer any advice on liability insurance. 

I've seen a lot people worry about the cost of insurance.  

When you buy subject to, do you close through a title company and get title insurance?

I’ve heard there can be liability issues with having a pool at rental property, and that insurance companies don’t cover rentals with a pool.

Call customer service with a local title insurance company and ask for a trio (printout, map and deed).If all you are wanting is the name of the owner the title co should just give you that verbally.

Do we need to get workmen compensation or other liability insurance?