https://www.cnbc.com/2018/07/09/-sitting-on-record-amount-of-cash-and-not-tapping-it.htmlIs this time different for homeowners?

However, something to be aware of is that your credit score affects not only your interest rate, but also your mortgage insurance.

Hey guys,Has anyone tried getting title insurance on a property they bought in a tax or mortgage foreclosure by a quit claim deed? 

As others have pointed out, Chicago and Austin have gotten pretty pricey and TX has some of the highest property taxes and insurance rates  in the country making it hard to cash flow.

Insurance should also be more in the $70-$80 per month area for this kind of property. 

I can't find any contact info on home owner but I did find out the lender on the property.

@Jay Hinrichs I wouldn’t say whosaler brings no value at all to the home owners.  

Use the same format as on Schedule E.I would also not only carry insurance on the rental property but add an "umbrella" policy.

While listening to podcast #283 (which you should listen to in case you haven't), Paul mentions that when he wants to buy a house, he sends the homeowner a three-option letter of intent with the following options: Cash offer (percent of what property is worth minus repairs, typically 50% of after repair value, this is the lowest value offer of the three that are given)Owner financing (interest only, this is a higher offer)Owner financing (principal only, no interest, this is the highest offer)Option 1 is easy to understand, the ones I don't know how to apply are 2 and 3.

The quandary I am in is that most of the money that the properties produce goes out the door to pay the expenses (mortgage, maintenance, capex, vacancy, insurance, PM fees, utilities, taxes etc).