Another bank may also reduce the LTV based on how many loans you have outstanding.Example too; Joplin, Mo. had a tornado that took out all but one investor's properties, it took months and into the next year for insurance to pay off.

My confusion came in with getting documentation to actually prove it.  

Hello, I do not know of any but there are really only a couple documents you need on a typical buy or sell.

If you close your loan with the title company you used last time, they will probably be able to give you a reissue rate on your title insurance to save you some dollars as well.Good luck

Get good liability insurance and also get an umbrella policy.

Courses #5 – 8 may be included in your postsecondary educationExperience Requirements – 20 transactions The Division calculates the transactions to ensure the applicant meets a total of twenty by using the following formulas: • Listing agent in the sale of property owned by another = ½ transaction • Selling agent in the sale of property owned by another = ½ transaction • Listing agent in the lease of commercial or industrial real estate owned by another for a term of at least one year = ½ transaction • Procuring agent in the lease of commercial or industrial real estate owned by another for a term of at least one year = ½ transaction • Listing and /or procuring agent in the lease of four residential real estate properties owned by another for a term of at least one-year = 1 transactionThere are also requirements about not having a criminal record.http://www.com.ohio.gov/documents/real_Requirement...You can probably get into investing sooner than you can accomplish all of that.  

hi Noe,Thanks for replying as of right now they have 16 units rented and they are gonna finish the renovation in a month or so what they tell me is they will have 85% of the units rented with in that time frame they dont have a management company in place and i would have to get one  taxes are 15k and insurance is 12k  that is all i have on the numbers at the moment.

However, being a hurricane target area I know any house will require expensive flood and wind damage insurance.

@Jonathan JohnsonAsk for a copy of the trailing 12 numbers for the building.  2015 P&L and Tax Return if they will give.Find out about property taxes and insurance.  

With taxes, HOA's and insurance your bills would come to about $200/month.