Flood insurance is expensive and will be more expensive in the future, as they try to raise premiums to cover the claims. 

Now let's say I find a triplex that covers the 1% rule but combined cash flow from all 3 doors is roughly $150-$200 or would you want to keep it at $150-$200 cash flow per door with the 1% rule applying? 

If the market rents do not cover the mortgage, you may do a no ratio DSCR for a higher rate/reduced LTV  Which most likely the 1007 will be nowhere near the revenue generated by a PadSplit operation.

The biggest thing with this is if something major happens are you legally covered if the unit is illegally rented. 

The zoning office suggests reviewing the zoning ordinance, but the course didn’t cover zoning assumptions in detail.What’s the best way to verify zoning suitability and double-check zoning information?

I have a one page lease addendum to cover this, that is executed with every tenant and every lease.

So, he's claiming the home warranty won't cover... fine, what's the repair cost?  

Hi Adam,The seller pays the seller commissions and (usually) covers the buyers commissions as well so you shouldn't worry about those fees.The 10% vs 20% I feel like is a personal opinion.

What you want to check when signing up a PM is their indemnificaiton clause on who covers who in case someone does something wrong. 

I want the cash flow to cover any expenses the property may have.With my next property I am trying to figure out what state/town to go to.