Insurance : This area of consideration deserves its own deep dive so we’ll briefly highlight key concerns. - The underinsured.

If I paid cash for this property, the HOA + Insurance + taxes is around $500 / month. 

. - Taxes are on the higher side at $6,000 yearMy Numbers: $115,000 putting 20% of my money $23,000 and finance the rest with total expense of $1,834Monthly expense numbers: Future Maintenance 13% $273 - Vacancy 5% $105 - Property Insurance 5% $105 - Property Taxes 23% $500 - Property management 10% $215 - Office/Travel/Legal 4% $84 - Mortgage 26% $552 - Monthly Cash Flow - $316 per month or $3,792 per year so Cash on Cash = 17%I think this looks like it is a deal worth doing and I also believe I can bump the total rent up by $50 each tenant which I think make it even better.

Let's assume your expenses (mortgage, taxes, insurance, maintenance, vacancy, etc.) comes to a clean $600 and the property rents for $1,000.

If bookkeeping is your thing, that's something else you might offer help with.

2) Their contractor must be properly licensed and insured and we require copies of all this.

Maintain - includes taxes and insurance?

Insurance fell dramatically since a new roof was put on and I switched carriers. 

Make sure you ask them good questions, make sure they carry insurance and that they are available year round. 

We know that investing in real estate means building a business that incorporates the right investment strategy, tax & legal plan, financing, retirement planning, insurance & estate planning.