An all cash, no loan transaction).For this reason, I calculate both cash on cash vs. total yearly return on my out of pocket money (which includes the down payment).Also note that usually you pay the first month of the mortgage in addition to the down payment, plus the whole of the insurance and (some) taxes at closing.

Rental Monthly Income $4,800.00 (8 rooms x 600) ------- 4800 x 12 = $57,600.00 Monthly Gross Operation Expenses Mortgage950.00 Taxes191.00 Insurance 166.00 Maintenance Housekeeping 216.00 Landscaping 60.00 Repairs 10% - 480.00 Operational Electrical 350.00 Water 150.00 Cable/Internet 150.00 Reserves 10% - 480.00 Total - $3,193.00 Annual Gross Operation Expenses Mortgage11,400.00 Taxes2,292.00 Insurance 1,992.00 Maintenance Housekeeping 2592.00 Landscaping 720.00 Repairs 10% - 5,760.00 Operational Electrical 4,200.00 Water 1,800.00 Cable/Internet 1,800.00 Reserves 10% - 5,760.00 Total - $38,316.00 57,600.00-38,316.00______________NOI $19,284.00 19284.00/46,000.00 (down payment) = 41% Cash on Cash Return (CCR)

I did not realize until today, Monday August 22, when I checked the documents again, that the seller's "withdrawal" of his offer to sell his property was not actually a valid withdrawal - that in fact I had all day August 19 to accept his counter.It seems clear to me now that the seller was eager to send written notice of withdrawal of his counter offer because he had received a better offer and was chomping at the bit hoping I would not accept by midnight August 19.My question is - is there anything I can do here?

Their current payment with mortgage insurance is about $700.

Higher monthly costs via higher insurance, taxes, etc?

Through self education was able to become both a licensed insurance agent as well as Supply Chain Account Manager, each for over year.

@Matt Lockwood, I am not an attorney and agree with Account Closed that this can be done, the most important thing is to make sure your investor documents are solid.

The question I have is, does the insurance and property tax get calculated in as part of the 50% expense?

Your insurance might not cover a garage fire/explosion spreading to the attached house, and the heirs will be on you for his wrongful death.

For my mobile devices, I use many applications such as the ones listed above, plus the following: Docusign - used for paperless document/contract/tenant form signings.Apps such as PDF Expert(pdf doc modifier) , PDF Office(pdf doc creator) , PDF Converter, Spark Email, Documents(cloud doc integrator), Calendar 5, Scanner Pro, Printer Pro all created by a company by the name of Readdle.