That’s why I always recommend buyers don’t take the “free” title insurance offered by the bank.....their title policies searches “avoid” looking for unrecorded liens, and except them from the title policy.

I have my taxes/insurance figured into my Net Operating Income, so I should exclude taxes/insurance from my Debt Service costs, correct?  

@Andreas Thuresson If it’s an investment only then you have to weigh buying in a stable area with lower returns or a more risky or developing area with higher returns.

However, this market looks like a statistically stable market (goes uppitiest and down) and unless there is some significant outside event, it should continue as is.Go to the seminars.

Also your insurance and electricity budgets seems on the low end but I may be biased to that because I live in a place where insurance rates are insane.

. - They generate high carrying costs from interest, taxes, insurance, utilities.

Dealing with insurance?

What are some good strategies to get accurate utility costs, vacancy rates, and insurance estimates so that you can calculate NOI and cash flow to take to the bank for loan approval?

Your total monthly payment with taxes and insurances would be approximately $680.00 a month based on this scenario.

If it would provide value to you, what specific value would it provide: less time spent, better price based on my relationship with contractors, insurance that contractor won’t forfeit his relationship with me (his lead provider) by letting you down.. etc.Thank you all in advance!