I asked one guy if he was insured and he said, "you think for what I charge I can afford insurance."

Are they paying for seller's title insurance?

Lenders, attorneys, PM's, insurance agents and of course, fellow investors.i can bring capital to the table and some mean underwriting skills so feel free to reach out if I can help you!

So, if you already have a trusted network of property managers, insurance agents, etc. then ok, I can get behind it.  

Taxation and legal entity status are two different things.If they are truly duplexes, then each has their own Title. 

Hi, the title says it all. 

I prefer to rely on insurance for asset protection.

Both the seller and the seller's agent signed the affidavit of title stating "we have always obtained all necessary permits and certificates of occupancy." 

Then your going to have closing costs, and $3500 in upfront pmi on an fha loan, and they will want to see you have 3-4000 in reserves in an account somewhere so your not maxing yourself out then most insurance companies will want the first year in advance so there's another 1000$. 

And as for the house --it's in Quincy--south of Boston --walking distance to public transportation --right in Quincy Center--there is a major development under way.Current Rents $39.3K a year (probably a bit low still)Taxes/Insurance $11K a yearWater Sewer $1200 a yearI've never had a vacancy in 10+ years but accounting for 5% vacancy this gets to NOI of $25.1K per YearAsking Price:  $630K.