I started a new post asking people's thoughts about insurance costs in your local area and specifically costs to rebuild and other challenges:https://www.biggerpockets.com/forums/95/topics/1227051-insur...

I posted briefly about this back in July or August before we closed, but thought I'd write a little update because it's been an interesting ride. 

Buckle up, and prepare for total loss, or an additional capital call or two in 2025.

That’s what the tax shelter investors thought in 1987.

I thought my situation would be one. 

The mortgage is $1400 and the house is worth $250k.I did tell him if it is okay for him,I could take up the mortgage and he says he would get back to me as he also as a brother and uncles to talk with.The house is close to my work place as well.Please, does anyone has a thought on this?

When you hear something you don't understand - ask questions and ask people to explain their thoughts, haha, especially if you hear something that you initially don't agree with.

Before bigger pockets moved the rent estimator to pro users only it estimated rent to be around $975 I don't know or have anything to go by but I thought that was high.

Andrey this the same deal you were posting about a few months back.. if so i would contact Kathy and see whats up.. its exactly as i thought it was.. seller financing so the debt was to the seller who then probably sold the notes to other investors.. so no recourse just bad deal 

And I thought it would be time to take the next step to the investment property