It wasn't worth filing an insurance claim because if you have too many claims they can drop you or raise your rates.

Also, if you setup a servicing company to manage the payments (usually like $25-35 a month), they can setup an escrow account for taxes and insurance as well and cut a check to her Trust bank account each month.

I am thinking the following:This would be a wrap around mortgage as I still owe $165k on it.Sale Price $245k (market price)10% down ($24,500)10% Interest 30 year (please tell me if thats a bad idea)Monthly payment based on 30 yr ($1930/mo + tax and insurance) = $2448/moPlease let me know if i left any pertinent information out.Any sleuths out there can check it out. 🤓 (1032 E Tucker St Fort Worth, TX 76104)

Have you looked into getting umbrella insurance as a first layer of defense to rentals?

It was a standard house purchase through a realtor to find my “forever” home How did you finance this deal?

This tool helps real estate investors focus on their goals when analyzing potential real estate deals.The buy box can consist of standards that are important to the investor.

The problem with mixed use sometimes is you cannot rebuild it in the same configuration (can't get insurance for replacement and city/county won't allow rebuild).

Not sure what type of attorney to speak with or how to formulate to submit to his insurance.

Tenants pay $2350/mo and after the rate increase, this no longer covers mortgage/taxes/insurance.

Sounds to be like "burn-out" on single family homes, I'd rather have 3 houses than 6 apartments any day (comparable properties), from just about all aspects, financing, liquidity, marketability, vacancy, insurance and time to manage, residential SFDs edge out small multi family in my book.