You also have to take into consideration these expenses:  Monthly management fee, utilities, insurance, repair reserves, taxes, HOA fees, once a year deep cleaning fees etc.

There is not typically an inspection clause.....read the auction terms, talk to a rep.....do Not use their title co. for the “free” title insurance, it isn’t really free as they tack on a bunch of junk fees and their title insurance typically has extra exceptions in the B Exceptions.

I don't get why this helps--if you get title insurance AFTER bidding, won't the title insurance still cover all the leans/unpaid taxes?

I don't have any rentals yet, how would I estimate the insurance?

If you have a vacant property and pay me a property in disrepair and it's not feeding you income, you’re getting eaten up with property taxes with insurance, water bills, grass cutting, snow plowing, repairs and city violations.

By asking the neighbors a lot of times, you’ll be able to find that homeowner.

RM lenders must not accept less than 95% of a current fha appraisal......in order to be reimbursed by fha, which insures the loan.

Does anyone have any suggestion on Builder's risk insurance?  

Our 10 unit condo association ownership has recently bee passed on the homeowners and I am one of the trustees.

Assuming about $1000 for insurance and 10% gross rents for management, the property only cash flows $900 a year without any CAPEX or vacancy losses...because annualized utilities for this year will be $9500.