Hard to find (call around to and try to get some quotes) and very expensive in comparison to a typical landlord policy.

I aim for 8+.

Most people can only fulfill the 1% rule (incoming rent is 1% of purchase price). 2% used to be the number but with todays more competitive market 1% is generally the number people aim for.

Does this only apply if the length of the policy is longer than one year or if the policy spans more than one calendar eyar?

Uh I don't know what sort of tax savings you were aiming for but it looks like you've tripled your state taxes.

Also regarding insurance lets say there is still 6 months left on previous owners policy after I take title. what happens if I need to file a claim but I am not on that insurance policy?

I honestly think that there are opportunities to make a profit all along the coast, but our aim is to maximise out investment as much as possible.

We would generally aim for $80k+ on this purchase price, and have a solid rehab estimate.Be liberal with cost estimates, and conservative with comps and profit expectations.Andrew

Some places, like a PECO (local electrical utility) substation have a zero-tolerance policy for ice and snow.

Before the new tighter lending policies, we would hold properties until they acquired a 50% equity, then use the equity as security on the 20% down and finance 100% on the purchase of anew property.