Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

I had to borrow family members money to close because we couldn’t push back closing with title. ($65k)Needless to say, they still aren’t done and on Dec 10th - their “underwriters” demanded $95 to “continue the process since it’s taken so long”.

I'm trying to contact hospitals and insurance claims.

Hey Allen, I would also consider networking with companies that have people traveling for work or insurance companies.

Insurance is going to rebuild the house.  

Here are some details: Top bottom duplex Purchase price 440kTurnkeyDownpayment - 55k Both units vacant2/1 upstairs - $1500 market rent (long term)3/2 downstairs - $2500 market rent (long term)Newly renovated Central ACSeparate electric meter 1 water meterInterest only payment for 5 years - $2567/monthTax - $500/month (appox)Insurance - $150/month (approx) Cash flow - $391 (after taking into account vacancy, property management, maintenance and capex reserve)ROI - 8.5%No prepayment penalty If used as Airbnb, ROI can be higher

NEVER ever send a lender money in advance other than maybe a small deposit like 100 or 150 bucks to run credit etc.. and then most will have you pay for the appraisal directly.Really was a waste of time and money.I am thinking of always getting a title company/attorney or reputable entity to act as the median between me and the contractor/lender in every future opportunity.Honestly, I was overzealous looking back.

As I run the numbers on local listings, I'm curious to see if anyone has any advice on estimating insurance costs on small multi-family in our region.

Had Insurance thru Mercury a Commercial account with 6  sfr properties and have been canceled because of safety issue . and was fixed but not in the time frame they wanted. and they canceled  me completely. 

Best way to shop for property insurance on a 15-unit multifamily in Bakersfield, CA ?