I was looking at my long term plan the other day (which I drew up in 2013) and realized it is going to be an impossibility in the northern Virginia market because returns are so slim.I love Richmond and while I'm not crazy about long distance investing and property managers, I know there's a lot of potential in that market.Bottom line, I'm looking for stable, low vacancy SFH's in the $100-120k range, in up and coming areas, which rent for about 1%/month, and I plan on using a management company.

Also the current owner may want you to sign a hold harmless clause and possibly have insurance in place just in case someone would get hurt while you are showing the property

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Hello Everyone,I am closing on my next investment property next month and I am down to choosing between the below 2 insurance policies.I will have to admit - I chose the cheapest insurance policy on my first rental and I did not look at anything besides cost.I am looking at it with more detail nowFirst Insurance PolicyCost - $626Coverage - DP1 for $90,000Personal Property - $2000Premises Liability $500,000Medical Payments Per occurrence - $25,000Medical Payments per Person - $1000Deductible - $1000Fair Rental Value - $12,000Second Insurance PolicyCost - $730Coverage - DP3 for $249,000Fair Rental Value - $49,000Additional Living Expenses - $49,800Personal Liability $500,000Medical Payments to Others - $3,000Information on propertyOld property constructed in 1880.

If we refinance, I think I can get our payment down to around $400 per month, at which point the average monthly cashflow from our existing rental can take care of our primary mortgage and we'll have virtually no house payment (except for taxes and insurance).  

I would not put that on the site, but this is not a stable asset class3. 

Hello,With regard to title searches, what actions are necessary prior to buying a house at sheriff's sale?  Do you take these actions on each property that you plan to bid on prior to each sale?Thanks!

A contractor is proposing to do the roofing and siding through my insurance, he says it will save me out of pocket money.

The advantage of CHBO is that they list with lots of other insurance companies and other marketing companies (like homeaway and sublet etc...) that market your property to those looking for monthly, short term rentals.  

He had data on the taxes and insurance.