Life Insurance covers everything 

Quote from @Mel Rosario: HiDoes anyone know which companies that are willing to insure multiplexes in California, particularly coastal Oceanside, CA? 

It's near impossible to cash flow when most homes are selling for above $750K, Taxes and Insurance added in the PITI payment is higher than the rents.You can buy a Duplex 2 unit for example in either FL, IN, or OH and not pay more than $200K the rents are typically $1200-$1500 a door.

Account ClosedAdding your property manager as "additional insured" is standard practice and beneficial for you.

They have a ready made resource called "Commercial Agent" who does, literally, EVERYTHING a wholesaler says they can do BUT they are (a) licensed, (b) insured, (c)get's MORE for the seller, and (d) does all this for LESS. 

Now, I need from you a contact at a title company and a contact for insurance. 

Florida scares me with insurance issues and constant threat of hurricane damage.

However, they approach financial health from different angles.The 50% Rule is a quick estimate that suggests operating expenses (excluding mortgage principal and interest) will roughly equal 50% of the property's gross income.The DSCR is a more precise calculation (Net Operating Income / Total Debt Service) that determines if a property generates enough income to cover its debt obligations.Deal example:- Class C middle class neighborhood- 4bd / 2ba single family house- ARV: 190k- Purchase: 105k- Rehab: 35k- Market rent: $1,400-1,525- Section 8: $1,475- Property manager: 10%- Taxes: 125 month- Insurance $1250 yr- HOA: $55 month- purchased and rehabbed with all cash.

One requirement for this loan product is that the rehab must be completed by a licensed and insured contractor approved by the lender.

(Please don’t tell me you will lend anonymously to those you met here or on the web).Title/Fire/Hazard Insurance Requirements: Not part of this list but what will be your insurance requirements?