Is the home owners insurance covering the cost?  

And most would agree that a stable housing market is preferred to a runaway bubble.On the other hand...

*HOAs usually cover lawn care, sprinklers, lawn watering, siding and exterior care, insurance, and more                *This covers most of the exterior line items that you would otherwise have to address in a single family home.

You should also consider language as to what happens with taxes, insurance, escrow funds, etc...

The house is a foreclosure and is on the market for 100,000, taxes are 2,240/year…estimating that insurance will be around 1000/ year.

@Rashaad Harper Aluminum wiring is a big one because some insurance companies will not insure.

What insuance agency will insure a new purchase if the bathroom needs to be remodeled due to water damage?

Taxes are  $10,500/year and insurance is $3,450/year.

Would love to get some feedback on these numbers.FACTSFully occupied 3-unit MFH: 3 x 1br 1baAsking price $149kGross rent (not verified, based on the median rent in the area according to Rentometer): $2400/monthTenants pay all utilitiesAnnual taxes: $3,578.26; no unknown unpaid taxes nor liensNo HoA feesAnnual insurance (guestimate): $8002% rule: 1.66%50% rule: $646/month Calculations made with the current asking price, no rehab costs, $5k closing cost.

HelloSo I'm using the rental property calculator and I never really know what to put in for the property insurance number...