After you close on an improved property, get an insurance policy that will protect you if there is a covered loss.The harder you work, the better you will probably do.  

Account Closed , thanks John.I am planning to get insurance for sure. 

I would check into this, and make sure he has full title and able to provide a General Warranty Deed.2) He owes about $80k on the mortgage.

Hello everyone,We are in the Chester County area and are in search of an investor friendly title agent in our area! 

Looking to find a grand rapids michigan based lawer that can help answer a quiet title question and then handle that process if appropriate.  

If a property needs flood insurance, it's a non starter for me. 

Insurance and gas price difference on a smaller, cheaper car will save you AT LEAST $100 a month vs the truck you own now.

Do you just call the Title Company and provide them with a new address? 

Annual Premium - FHA loans have expensive private mortgage insurance premiums (which is required of all loans where more than 80% is still owed), tacked onto the interest rate.

Finally free, I vowed to never own another rental property again after the experience.Fast forward to early this spring (2016); I had the good fortune of borrow a little known book titled, "Rich Dad, Poor Dad," from my good friend and proceeded to realize all of the things I had been doing wrong and how my financial philosophy was in need of some major retuning.