Your insurance will also be a lot lower because you're only insuring the space between the walls.The downside is that if the association is bad, then the building could be left to fall apart, and then you'll have a huge assessment for major repairs when they can no longer be ignored. 

Lenders usually require to have stable job for at least 2 years in order to give a loan.

Insurance claim on property restored roofing and all other damages associated with tree fall.

@David Ribardo and @Joe C jump in with any edits/comments you might have Purchase Price $149,900 (50K a door rule looks good) Three units total gross/month 2239 (1% rule looks good) Fixed expenses: Taxes 2517, Trash 1125 (375/unit in Allentown unless private collection deal previously arranged) Insurance: 703 Common Electric: 519Water/Sewer: 802Allentown Fee: 225 (75/unit/year) Variable Expenses:  Vacancy: 2239 (One months rent of each place, or 8.3%) Management: 1800 (50/door/month) CapEx/Maintenance: 3000 (1000/door) Total Operating Expenses: $12,930 Total Gross Income: $26,868Net Operating Income: Op Ex - Gross = $13,938 Divide your NOI by the cap rate your looking for and you have your offer price.

Here’s how odor is typically handled on a fire claim by an insurance company.- First option is just washing (degreaser etc.) and thermal fogging.

Also, just my .02 cents, if you are relying on an LLC for liability protection then you are under insured.

Should the listing brokerage have insurance for things like this that they can make a claim on?

How much does it typically cost to insure a multi unit?

I'm also assuming $2000 for insurance, $300 each for electricity and gas/heat, and $1200 for scavenger (swag). 

Anyone can recommend an insurance agent?