You have no expense for insurance, repairs, vacancy, or HOA this is a townhome so I am going to assume it has HOA. 

He is one of the buy for cash guys . trying to wholesale . and he suppose to insure the title .

Emotional support animals are a scam and tenants have figured out that they can get around pet policies by claiming any pet is a support animal.

Sure, you can spend days drawing lines that connect boxes on some Donald Trump level real estate empire org chart in an effort to gain anonymity and avoid liability, but, at the end of the day, what protects business owners is adequate insurance and acting intelligently."

@Raj G.First thing, did you get a copy of the insurance binder that shows you as "loss payee"?

The next day I have the docs notarized and arrange title/property insurance, then we meet and exchange loan docs/insurance/checks and pay for the auction.

. ;) That being said, make sure you find someone reputable, bonded, and insured.

I would like buy and hold for rent, and the numbers are:Purchase Price: 59.900€ARV: 70.000€Closing cost: 8.000€Rehab: 2.000€Annual Taxes: 480€Down Payment: 30%Loan Interest: 2.6%Years: 30Gross Monthly Rent: 450€Monthly Insurance: 65€Other Monthly Exp.: 20Vacancy: 5%Rep.

Maybe your insurance covers this? 

Hire a bonded, insured landscaping company, increase rent or add fee.3.