That will make the cash flow on the refi property negative $165 but the cash flow on the new property covers that.  

Contact your insurance provider and see what they will cover and the cost of that coverage before considering purchase.Unfortunately a pool has a negative impact on the bottom line not positive. 

Many will suggest you leverage as much as possible if you are still in a positive cash flow situation and you have the reserve funds necessary to cover any issues. 

People claimed they go to court and have the part against the owner dismissed, but it doesn't work in all cases and certainly not for the business owner that sold me the business.My insurance broker know the risks well enough to add an endorsement in to cover my personally, in the LLC policy. 

You need to ensure you have positive cash flow and you just won't find it in the D.C. area; it's too expensive and the rents don't come anywhere close to covering the expenses.

This will cover just about any problem that would not otherwise be covered by insurance. 

If there is a leak in the toilet that was let go for a long time, there can be a lot of damage, like rotten wood, cracked tile, need to replace a floor and floor covering, mold amelioration etc. 

You will most likely not be able to cover the cost of mobile home depreciation + lot rent + repairs with that $700 a month income. 

If it’s hugely expensive, you’re covered.

And  there are other factors at play... like taxes, comfort with leverage, your 'lifestyle', along with a substantial number of other variables inherent in investing that impact our decisions.... all topics covered on countless other threads in BP Nation.