It isn’t all 🌽 and beans here, but there’s a thriving millennial market, aided by the population/demand of Drake University, Iowa State University, DMACC, Grand View, and Central College students, insurance market (one of the largest in nation, as seen in population of actuaries here, and Drake churns our pharmacists like no other due to their 6 year program), and the building of Facebook, Apple and Microsoft server centers around here due to nice tax breaks.

Here’s what I’d likely do Send him a letter Explain to him everyone else pays far more in rent and your expenses( taxes insurance water garbage repairs etc .

To better insure a smooth mortgage loan process for the buyer, I'll pick up the $2.00, so we can round up to $754,500 even."   

That all depends on if the rent will fully cover mortgage, tax, insurance, 5% of rental income for repairs, another 5% for CAPEX, another 5% for vacancies, and another 10% for PM services (even if you self-manage).

Check your title insurance and see if their is any mention there.5 Check the county for liens against the property that have been satisfied.6.

Does anyone have any information or tips on how to file an ejectment, take possession, insure the home etc. 

We also have a discounted repairs service, insurance and loan programs. 

Michael, what type of insurance policy  did you have in the scenario where you rented out rooms  and live in  1 unit? 

preferably a contractor or an experienced investor to help you size up how much $$$ the "little" repairs may cost.then use the rental tool here or a spreadsheet and plug in the numbers to make sure it cashflows after deducting expenses, insurance, taxes, property management and capex.  

There are $100 down HUD homes where a qualified owner occupant can put down $100 for a property and receive FHA insured loan.