Address potential risks by explaining strategies like maintaining emergency reserves, purchasing proper insurance, and conducting thorough due diligence.

Kalamaras, we were ready to close your file, we needed to change Title Companies as your Title Agency was refusing or could not add proper endorsements because of their Underwriting Insurance Carrier.  

No longer can buyers underwrite to $1,000/unit payroll and $250/unit insurance expense. 

Here's a breakdown:Conservative: 8-10% after covering all expenses (mortgage, taxes, insurance, property management).

Can you suggest an insurance company and contacts for our rental houses?

Using your ratio that leave 13.38% for pm, insurance, maintenance/cap ex.  

What is on the insurance application that you signed? 

Hit rate should be in the 90% for home owners.

Don't expect Jack and Jill homeowner to seller finance for you. 

Yes, you can deduct related expenses including gas, loan interest, insurance, etc. using the actual vehicle expenses method to deduct auto expenses for your rental or other businesses.