While the sale was still in attorney review, the attorneys for the auction house tried to impose a contract with all kinds of odd exceptions and carve outs that they insisted the buyer accept on the title insurance. 

I believe I can ask for higher rent and deposit, but wondering if the risks are worth the added income.I'm reaching out to my insurance carrier to understand if my coverage needs to change. 

Hi @Janice Delantes,If you wanted help to see if this is a good deal, we will need more information like the monthly taxes, insurance, maintenance, vacancy, etc. 

I was wondering if others are charging "additional rent" ie having the tenant pay a portion of taxes and insurance beyond his rent payment.

My attorney says that she would recommend e & o insurance for your llc to protect your business. 

So based off this calculation I determined that my portfolio is strong enough to move on with my expansion plan into a new market.Business expenses as % of total expenses : 70% 1) Fixed Expenses: a)Monthly Mortgages: 45% b)Property Taxes: 18.7%c)Utilities Expenses: 14.8% d)Licenses & Insurance: 5.4% 2) Variable expense - Water bills + repair expense : 16%Personal Expense as % of total expenses: 30% My monthly living expensesa)Housing: 39.7%b)Child Care: 25.4%c)Living expense: 22.2%d) Food: 7.9 %e) Insurance: 4.8Income 1) Total Income - 100% A) Rental Income: 42% B) Wage income (W-2) : 26 % C) House Flipping Revenue: 23% D) Property Management Revenue: 5% E) Stocks/Dividends: 4% Please let me know if you would like help walking through this process as it has been super helpful to understand my financial situation or send you the spread sheet I used.

Holding costs can be a mortgage payment, insurance, taxes, electricity, water, garbage. 5.

Confirm with Title company that the "Continuation of Insurance" clause isn't violated. 

I consider my insurance broker a valuable member of my "team".

Any new building, remodel or otherwise must be guaranteed for structural ingrity and insured for up to ten years after the house is sold.