if you buy homeowner insurance, and have a claim, you'll quickly discover that spending $300 for homeowner coverage is not a savings, it's a waste, because you weren't covered at all.I refer all my borrowers to National Real Estate Insurance / Affinity Group.

Mark Kohler put on the subject call today and it is recorded here:Using Other People's Money And Not Going To JailFor anyone raising money this is worth the time you spend listening to it.

Remember you don't need insurance for the land.Finally, don't use the logic "but if I spend extra money I will get a nicer house when my house burns down".

I would have brought it up right at the closing table.When you say you were budgeting your money accordingly, do you mean you realized you suddenly had an extra $10K and are spending that on your rehab?

Having to replace a roof less than 2 years after spending 25k on a rehab is a bitter pill to swallow.

If the rest of the story involves lack of communication and her inability to convince you of her situation so you don't spend the money evicting, then my advice would be to move forward with eviction.

If its a BofA HAFA, dont go HAFA unless youre prepared to spend the next year waiting it out.

I think I need to spend some time visiting parks/re-sellers/dealers and getting a better idea of the numbers.

We looked around and found a a place we love that rents for $1,375 which is more than we've ever spent on rent, but our real estate back home is doing exceptionally well so I figure we should spend a little on quality of life.

(But the do I keep the second meter).I am getting the house for $32k, and expect to spend about $25k on the rehab.