Because of how most insurance policies are written this type of exposure is excluded and no coverage would apply.

All in expenses excluding closing costs and including full renovation would be $120k-$140k.

Looking for advice regarding landlord insurance which would cover: Rent default up to $5,000, plus associated legal costs up to $5,000Cover for loss of rent up to 12 months while your property's being repaired as a result of an incident   Theft and attempted theft by tenantsMalicious damage or vandalism by tenantsI can get this cover for my investment properties in Australia, but cannot seem to find similar cover in the US. they all seem to give the same answer: "Vandalism and malicious mischief is a covered peril; However, it is excluded when it’s your tenant(s) that damage the property.

I own a house an hour away that is free and clear excluding tax and insurance.

Your thinking about how to do your DD all wrong.Get a copy of the leases to confirm rents, then confirm rents to market price with something like rentometer.com.Get a expense report from the seller for vendors and or utilities, then call each one and confirm the averages, exclude handymen, but not pest companies.

.), and it carries personal liability for the owner and their family in the event they are personally found liable for bodily injury or property damage.The problem is that it excludes, or does not cover, business activity or renting of the home if it’s not occasional and used as the person’s residence.

Excluding fixtures we have a quote of 14k which seems way high to me!

Excerpt from the Wiki:In the United States, to be considered an accredited investor, one must have a net worth of at least one million US dollars, excluding the value of one's primary residence, or have income at least $200,000 each year for the last two years (or $300,000 combined income if married) and have the expectation to make the ...

Basically, if you've lived in your primary residence for 2 out of the last 5 years, you can exclude up to $500K of the capital gain from your taxes.

I'm including the assumptions that you input into the rental property calculator as well (but excluding the property management cost) and coming up with $-60 in monthly cash flow and $409 in monthly NOI.Including your debt service and using your estimates, your breakeven price point for this property is $95,000.