When loans were called, was it due to specific triggers like delinquencies, insurance lapses, or low-interest rate portfolio loans held by smaller banks?

Should the Owner require the Manager to make unscheduled visits to the property(insurance proposes) above and beyond the duties outlined in this Agreement, a fee of $75 +GST will be charged per visit.Thoughts??

But IRS allows an IRA to be invested in anything except life insurance and collectibles.

Rock that for about 12 months and add some equity and then you could refi out to conventional so as you pay it down in the future the mortgage insurance will drop off.

I hope management works, but taxes are flying, insurance is flying, and I just wonder if I made a mistake with this property. anyway, sorry for the rant...

If people get debt it's better to often have 10 year fixed debt you just have to watch out for yield maintenance or defeasance for insurance companies or CMBS type debt.

In my home market of Florida, our insurance rates have made it much harder to have positive cash flow on a CRE deal.

For those interested, a combination of mortgages with no “due on sale” clause, mortgage companies loose due diligence, and title insurers willingness to “turn a blind eye” to practices that wouldn’t pass scrutiny now, resulted in tactics like the “second mortgage crank” which not only allowed investors to purchase properties with no money out of pocket but allowed investors to actually walk away from closing with “cash in their pocket”.

They are DESPERATE to find insurance and are striking out everywhere!!

.- Tell them they'll have to provide you with a copy of their renter's insurance naming you as additional named insured, with a minimum of (I use $300,000) liability insurance, also before they move into the unit.It's not perfect, but it's a start toward a tenant transparency.