A few days after the purchase of the home, I sent a wire transfer to the property manager account in order to pay the annual premium of my home insurance.January 2021I asked my property manager to pay my half annual property tax of about $2,000, she accepted and paid with a check on 26 January 2021.

In addition, if the residents what to stay month to month then the rent should include a premium.

Plug in your mortgage insurance premium (MIP) for your down payment and add your PMI to your monthly expenses at the very least. 

I will have spent thousands on premium products and the walls are legit lime plaster.

It's not that the policy is specific to student rentals, it's that insurers see student rentals as high risk and thus charge significantly higher premiums.

If you are not positive on whether you meet these standards or have questions, an FHA lender can help.Down payment of 3.5% or 10% if your credit score is below 5802-year employment history with some exceptions allowedFully document your income for the past two yearsMinimum FICO score requirement of 500 – down payment will varyMortgage Insurance Premium (MIP) is required for every FHA loanMaximum debt to income ratio of 43% with exceptions up to 56%The home must be your primary residenceNo bankruptcies or foreclosures in the past two years

Hey BP Friends,
I'm about to close an 8 unit in CO Springs. The value of the property is just over $1m (aka $150k/unit), but the insurance quote came in at 10k-12k/year. There are no unusual circumstances like high f...

I don't have a commercial mentor/expert so I'm turning here for any advice:If we rent at $22.50/ft/yr that's about $11,400/mo gross rent.HOA dues are $1,250/mo and covers the exterior/roof/landscapingTaxes are $800/moInsurance premium is quoted at $150/moUtilities are tenant-paid (although negotiable until we find a tenant)Property management is 7% or $800/moI can carry the mortgage + expenses, but would obviously buy a building with a tenant ready to move in.  

Even my realtor in MA is saying that homes are selling at a premium and investing now is not a good time because I would be buying at top of the market.

Not sacrificing quality over premium price.