There will be very little actual equity in the house if I borrow all the money.If I only borrow 110K, my monthly principle, interest, taxes and insurance ( PITI ) will be $745.

Lots of photos and documentation how the property looked when the tenant moved in.

https://indd.adobe.com/view/346fb124-dc32-4191-a1e7-487f772c03eeYou can be fined, put in jail, and required to take their classes if you don't have a license and insurance from them. 

If you have a 401k or a life insurance policy that allows you to invest a portion of your account.

In addition, I'd own the liability of paying for stuff when it breaks, and my insurance would cost more.

The town has the permit and the documents saying it was removed. 

Has anyone had luck finding a insurance provider that offer any type of coverage to help with the replacement cost of expensive items such as A/C units or boilers?  

Lelith Walker the reason for that is insurance.

Hey everyone, I'm looking to invest in my first property soon, I've been running numbers on properties but when it comes to monthly insurance, I'm not sure what's an appropriate amount to put in.

And yes is you buy a junior position the other mortgages senior to you stay in place but the IRS goes away as stated.. its the first in time is first inline ... so say you bought a second TD and there was a first td and a few mechanics liens filed before the 2nd was filed then those stay.. although rare because the second usually wanted title insurance and would not fund with liens in front of it.I loved Trustee or Sherrifs sales when IRS liens were there.. it scared all the newbies away.. and or those that had to back fill with a loan ASAP and could not wait out the 120 days.