This is part of what he/she (no name on emails) stated on the reply to my offer “ Also we can't give title insurance for 2 years because the tax foreclosure just passed when it was bought.

Anyone know an average cost to insure a 1-3 family project in Brooklyn and Queens?

I myself am not. and most flippers are not GC's  so all of us non GC's need the developers license.. now there is no test just pay the fee. you must have proof of insurance and a 50k bond.. the bond and insurance for those that have little to no money or bad credit can be a stumbling block.

How much should home insurance cost in Newark NJ?

The median value in this area really helps to lower the barrier to entry for many, while still provide a stable base to rent or flip.

We are working with the closing's title company - they are reputable and we have an open line of communication with them, and the listing agent, seller's lawyer, and the reputable title company have told us it's clear there are no liens - to make sure we are sufficiently insured in the title insurance, to make sure the title policy has coverage without any of the liens exceptions listed on auction.com:"Most liens are removed after a foreclosure property sale, but certain liens may remain.Here are some examples:Any lien recorded on title prior in time to the foreclosing mortgage.First Mortgage (if the foreclosing mortgage is a second or third mortgage)HOA or COA assessment liens (in certain states)Mechanic’s Liens (in some states)Government liens such as state and federal tax liens, city or county liens, US Government liens.IRS liens (IRS may buy the property within 120 days after sale at the price paid at foreclosure sale)Code Enforcement Liens, Environmental Liens, and Utility LiensChild Support Liens"Is this the right approach for bank-owned?

They did not reply and push the responsibilities to the insurance company which is not stated in the agreement.

Your utilities, insurance, and taxes add up if you aren't careful.

Also, does the required property insurance take account of your credit?

In A and B neighborhoods, it's hard to get rents to meet the mortgage, taxes, and home insurance and still make reserves for maintenance and capex and prop mgmt., which is why it's hard to invest in rental SFR in those areas.