I posted only once so far offering to find someone off market properties here in San Antonio, however that comment was removed because I didn't read the rules and realize that type of comment is supposed to be in the classfieds section.I've learned a lot so far and I hope to add some value to the REI community here at BP.

It becomes easy to find deals when you are rolling but you start having other issues such as how to operate your rentals etc.If you don't do this you will get burnt out very quickly.

Its a very simple, ( not easy ) biz.

A “rule of thumb” that I’ve used before is 1.25% - 1.5% of purchase price.

There are certain rules in California that allow for that very low assessed value to be transferred to a child, but the rules are pretty restrictive in nature. 

We also provide some maintenance basics (emergencies listed above, and our phone/website to contact with typical maintenance) in WRITING and put it on their fridge for easy reference.

If you are looking for a cheap and easy solution, there is a product called hardware cloth that you can use to cover the opening with.

I think that is the rule of thumb, right?

One advantage you'll have over people doing a regular FHA purchase loan (non 203k FHA rehab loan) is that when you go towards purchasing a 3-4 unit property and have to deal with " FHA Self Sufficiency," Rule you'll be able to use future market rents that are appraised on with after repair rents (way higher than your acquisition rents probably).This makes it easier to make your FHA loan qualify especially if you buy a good deal that has big rental income upside (your proforma future rents are way higher than your acquisition entry rents).FHA SS rule is required to qualify a FHA loan when its a 3-4 unit property, this doesnt apply to 1-2 unit FHA loans.Even on 203k FHA loans you'll need to meet FHA SS rules (3-4 unit applies to).

I was wondering if there is an easy way to figure how much insurance and which insurance I need ?