Expenses: holding costs such as utilities, taxes, insurance, lawn, snowCity fees - permits, potential fines and assessmentsLending fees if anyI would get an attorney involved and write up a partnership agreement that you're both ok with.

This was really the worst possible sort of storm as far as insured losses.  

If I get a response on one of the properties, I will then assess the value and financial situation, see how much they owe and proceed accordingly with a short sale (if possible) or simply buy the house from them.  

I want to sell one property use the proceeds to find and fix and flip a propertyMy hope is that in two years I can manage to do enough flips to make six figure profitsI have some experience doing remodels and renovations as I have had to do this to make apartments and houses tenant ready.I also have experience designing for an upscale look since most of my renovations have been hgtv worthyMy question is how do I lessen that learning curve.

This rent covered all expenses on the 15 year mortgage, insurance, and HOA fees with small profit that got eaten up on paper by LLC expenses, depreciation, PM and accounting fees, etc.  

I have sold insurance to many of Federico clients and he always seams to find them great deals.

My question is do I need a more extensive of insurance policy with people staying on our property.  

Rarely does a tenant have FLOOD renter's insurance. 

Put down 80k on the house to avoid mortgage insurance.

I just sold my company and looking to reinvest the proceeds in to cash flow investments to generate the cash flow my business will no longer be paying me.