In 2008 I lost my son in an auto accident ( and in 2006 i lost my nephew in another auto accident) and i really slowed down my investment activities. 

Hey Folks, anyone in here knows the answer to this situation:If you buy a vacation home and the appropriate insurance for it at closing and then the insurance company inspector comes and views your house after a month or so and it is vacant as expected - then things check out, but if they see tenants living in the house - then the owner of the house has to change the vacation home insurance policy to a renters insurance policy?

I have a auto body shop that is located in a D class residential area, it was own by my grandfather, he is getting up in age and he is passing it to me. he hasn't done body work in years, he just have been renting the place out to some guys he know for like $220 a month. the utility are still in his name also. my whole idea is to come in, change things around, do the proper things, have a actually lease agreement written out for the tenants, with the new rate increase and rules, there wont be anymore of the late rent payments, there will be a late penalty, the utility will be in the tenants names,I plan to put a security system on the property, I'm new to all of this , its my first property I'm open to advice, suggestions, ideas on what I should do.

We stay with our borrowers through out every step of the commercial lending process to ensure the loan closes properly and in a timely fashion. 11 Capital Finance personally handles all title insurance issues, property insurance issues and does all of the coordinating with every party involved in the transaction for our clients.

You still have 10% property management, 10% repairs, 10% capex, taxes, insurance, etc.

, now I'm looking into finding low-cost insurance in the Youngstown/Northeast Ohio area.

Does the $1040 include insurance and taxes?  

What makes you think she will be any better with the taxes the utilities the mortgage or the insurance ?

Maybe you need to set your profit goal higher to insure your misses come in higher.Take pride in finishing your 4th profitable flip.

Taxes are $596/yr and insurance is $450/yr ....... which totals  $87/monthThe house would rent easily for $575/month, but no more than $600/monthI have houses in this area.