My name is Dan, and I'm looking to land my first deal here in the Northern NJ area (Passaic County).

Should we keep paying the $2,000 for three more months (June, July, and August) or take the breach-of-contract hit? 

Hey Sam, You've hit the nail on the head with saving money on insurance.

I have interacted with many of these folks who hit me with PM on BP.. 

The Anytown branch of ABC Title gets hit with a $500k title insurance claim for widgets.

We are about to hit Summer in Charlotte.

When/if **** hits the fan the banks & potential lawsuits could/have/will expose properties connected in series LLC even though they’re not supposed to be separated, or multiple properties inside of 1 LLC is more risky.

Fair housing employs people to attempt to trap landlords or get them to slip up and say the wrong thing and then hit them with a lawsuit so landlords need to be careful to protect themselves even in casual conversations with people they don't know.

Some private lenders will sell REOs with title issues, knowing that they'll take a hit on their selling price.

You have to know and run your numbers to determine cashflow....Take your gross rentSubtract expenses and reservesSubtract mortgage paymentThat's your cashflow.You may find that properties in your market that hit the 1% rule are great cashflowing properties, or you may find that they arent worth even looking at.