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.

Know what criteria you’re looking for on the sites and stick to it.DocumentFair methods for selecting tenants are nondiscriminatory, well documented and applied uniformly to protect yourself from fair housing complaints.

Regarding insurance: I'd see if I could get them switched to State Farm- they do not discriminate based on breed.

Pretty clean and documented transaction there.

Your home owners insurance will change to landlord insurance, which may reduce your premium cost.  

And you need at least 20% equity as conventional loans are usually 80% LTV.The benefits are getting a lower interest rate, at least with the rates we have right not, and getting rid of Private Mortgage Insurance, PMI, which is about $220 a month for me.

Insurance will also be higher (I own a 5 unit).The deal itself isn't the best, IMO.  

If you have a well-maintained unit in a decent area, your tenants will want to stay, even if the increase is substantial and it is within market rent.BTW, prior to purchasing, ask the owner for copies of the most recent utility bills, tenant estoppel certificates (signed paper from tenant stating financial terms of the lease) and CLUE report ( A report that lists if any insurance claims have been filed against the property in the last 7 years) to ensure property is insurable.