Obviously, they want proof of home owners insurance before we close.

Make sure you know the numbers (taxes, rents, insurance etc.), don't just rely on the selling agents numbers they have on the ad. 

Remember though, of the ten most common reasons agents get sued two are:1. misrepresentation of value2. fraudWorking as an agent you probably have E&O insurance.

Realty Tax is about 18k a year insurance $7500 water sewer avg $16k utilities $8-9k.

A closing attorney will order the title prior to scheduling a closing, and should offer you title insurance. 

If so, it would be a way to insure that I am not over contributing to a 529 plan if she is able to get a scholarship and also a way to reimburse myself for the rental property using tax free money.  

Becoming an agent has costs to operate Day 1 which includes: additional car insurance (required to drive people around), licensing fees, dues (state and national), fees to operate a Supra key, to be on MARIS (MLS), prepaid legal fees, etc.

And talk about predatory, points on my sale price, not good.As to originations, there are many RMLOs out there who think they are compliant in doing seller financing, actually not from several fronts, their employer/broker must have such loans in their charter, insured and bonded lenders aren't covered with equity funded notes, and if they do any volume they may have loan concentration issues of high cost mortgages, this goes much deeper than what our newish loan originator testing goes to that they learn and it doesn't even go into underwriting!  

Yes, as far as a PM, you are pretty safe figuring 10%, but a few phone calls to different ones in the area will give you that answer. and Jeff Beard brought up a good point as well, you will have to figure in the taxes and comp insurance for your employee.

I've been getting some quotes for insurance and the premiums are very high.Quote 1 - Vacant Dwelling Policy from Evanston Insurance Company. $1200 for 3 month term                $160K Property Value (incl. improvements), $300K LimitQuote 2 - Builders Renovation Policy from Lloyd's of London. $917 for 3 month term                $80K - Property, $300K Liability, $1K deductibleBoth seem very high and I can't even use quote 2 because I am not using a licensed GC.