They will take 75% of the lease amount and deduct monthly costs ($2205 + 417 + property taxes and insurance if not included in the mortgage). 

If the properties are financed and the mortgage payments include tax and insurance escrow then you will want to include a mortgage statement.

home insurance declaration says my name as "additional interest" then what is difference between "additional interest" and "mortgagee/payee loss"also can somebody please advice me attorney for the same in New Jersey.ThanksTag Private lending, bayonne, newark, union, jersey city, union, edison, new jersey

If we assume (since you're doing FHA) that you're making a 3.5% down payment on a $250k property with mortgage interest of 5% (not sure what the current rate is, that's just a guess) you'd have a mortgage payment of $1,295.08 then add in PMI, taxes, and insurance and you're probably in the ballpark of $1,950/month.

Do your numbers include: vacancies, repairs, make readies, prop mgt, good insurance, etc..That is a small margin and will probably be negative once all costs are taken into account.

Which of course why a title report without anyone willing to issue title insurance holds zero value.

I paid the taxes, insurance, utilities, landscaping, etc.

You need actual hard fast numbers for:a - Existing debt  ("...could be anywhere between $100k-$120k..." is useless info)b - Rehab needed  ("...gonna need at least another 15-20k..." is also useless)c - ARV  ("The ARV is about $166k.." again, useless) d - Rent (unknown, but critical to analyze for a rental)e - taxes and insurance as a rental (unknown, but critical to analyze for a rental)f - cash you have to work withMy recommendation would be to get the above information as exact as you can...or, pass on the house. 

We do have a mortgage so insurance money goes to the lender which then does inspections to release the money.If it's still a desirable area it will still rent post flood.

We also of course have a large multiple insurance settlement that I want to invest intelligently which I'm thinking will make all of my goals possible.