What percentage of  tenant income do you figure  is needed  to best  insure monthly payments ?

and 2) How long do title searches take?  

My offer was accepted, I was lining up contractors and during the close the bank (BOA) offered that if I used their title company (Title 360 Inc), they would pay for my Title insurance (and save me $800). 

don't forget to account for vacancy rates, insurance and maintenance that you'll be responsiible for as owner.

@Rod JosephYour post states "Mortgage Expense" is that supposed to mean that monthly debt service is $2,600 or is that Mortgage + Insurance + Cap ex + Management + Repairs?

I also have another question, I've talked to a title co that does assignments of contract.

I'm a licensed and insured general contractor who works on New Orleans houses and commercial spaces.

My strategy plan was to house hack a multi-family unit on a FHA insured loan, though I may have to rethink my starting approach.  

Hey BP Community,Lately, I've been reading up on Owner Financing, and I have a few questions I'm hoping the community will be able to help me out with.Just as a side note, the property is owned by an out of state owner and is free and clear.Questions:When purchasing the property, how does title ownership work?

So, in the big picture it gives him full title and all the other relatives are out, but I'm really concerned about the investment property thing.