Hello,I'm looking for a local company in MN that is willing to insure and provide workers comp for a General Contractor.

Do I have my buyer file a title insurance claim ( if he has it ) or should I ?

What is considered a good debt coverage ratio?

I called up the insurance company and they sent out their adjuster and he's giving me an 80k estimate I don't exactly trust.

Prob same for insurance.---* If this wasn't an A area I'd flip it, but do things change in A areas? 

In my mind:Seller wants $250kOffer $225k 20% down7% interest only on the remaining $180k2yr ballonPayment is roughly $1,080 interest$12,960yr x 2 = 25,920 + $225,000 = $250,920Gross rental income is $3,050Minus my management, taxes, insurance, etc... stillWould roughly put me at $1,300-1,400 positiveAm I on the right path or where can I tweak things?

In regards to estate planning and assisted living, my mom is considering long-term care insurance to help with her living costs once she retires. 

2) Is the insurance you have in there based on quotes?

Deal seems to cash flow less and less the more I look into it.Rents(under market due to older but decent kitchens and bathrooms): $4,250 total.Mortgage payments including insurance and taxes (earthquake insurance): $2,800 a month.Reserves $800 a month.Water/sewer/garbage: $500 a month proforma...Law mowing: $200 a month.

Verifying numbers is pretty straightforward- check tax assessor info for property taxes, get an insurance quote, contact a 3rd party property management company and see what they'd guess as being a realistic rent income, etc.