What are the annual property tax and insurance costs?

Do I need to buy land insurance? 

Kohler before setting up a business entity.7 Buy lots of insurance and then add a Commercial Liability Umbrella.

In regards to negotiating with the HOA that should be a No, I would assume if he owes $8k in back dues there's most likely a lien on the property if the HOA is doing there job correctly to insure they get paid.

If my math is correct,1250 revenue(333) mortgage interest(630) depreciation---------------------------287 <--- what you're calling taxable incomeWhere is the insurance expense, the property taxes, management fees, repairs/maintenance, advertising, etc? 

His team was able to do it all hang doors, paint, plumbing, tile and electrical. 

Reserves are the amount of principal, interest, taxes, and insurance, plus any HOA that are needed.  

For example, the deal we are working on right now we are replacing nearly everything (flooring, Air Conditioner, Electrical, Plumbing, windows, drywall, kitchen cabinets, full bathroom & the room has 20 years left). 

I will be making all payments, insurance, upkeep, etc. from there

(I would also pay for the monthly rent via my savings/day job – in speaking with the owner, he said it would be a minimal amount because the property needs work).I don't know exact numbers on what the rehab will be, but I've been doing some research on the costs and am working from an average at the moment, as I look up what basic rehabs for kitchens, bathrooms, electrical, plumbing, new roof, etc. could be.