I would imagine I should also probably run a title search and make sure there are no outstanding liens on the properties.

That leaves 60% to cover the actual costs of mortgage, taxes, insurance....oh, and you do want to make money on it right?

AJ Golden IMHO, that depends on what kind of income, "line of credit," insurance deductibles, and risk you can handle.

Some background about me: I have a full time insurance sales job, so I will most likely be using a property manager (unless you suggest otherwise), I've never rented property before, so I have 0 experience being a landlord.

The lender may accept a guarantor who is not on title.3.

I am curious if anyone is willing to share who they use for insurance for their rental properties in the Kansas City area.

Anywhere you have low lying areas close to water you're going to have an added carrying cost for flood insurance (unless 100% equity).  

Income minus $400 for expenses (50% rule) minus $378 (P&I, insurance and taxes) leaves a pitifully small $22 cash flow.

Hello All,Currently I am employed at a insurance company in New York City.I"ve been saving my money for a a year now hoping to get into real estate investing and stocks.

Does anyone have recommendations as far as a GREAT insurance broker in the Charleston area?