Check with your insurance agent

Current homeowner lives in England, and is looking to get rid of the house.

Here is what I got back from the title company on closing costs "Binder is $100, title insurance is $195, recording fee is $27.25 for the deed.

Any insurance recommendations for house to be flipped?

So if your rent is less than a mortgage payment + monthly property taxes + homeowner's insurance and PMI (if applicable), you might actually be increasing your purchasing power by renting!

Also the current owner may want you to sign a hold harmless clause and possibly have insurance in place just in case someone would get hurt while you are showing the property

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Hello Everyone,I am closing on my next investment property next month and I am down to choosing between the below 2 insurance policies.I will have to admit - I chose the cheapest insurance policy on my first rental and I did not look at anything besides cost.I am looking at it with more detail nowFirst Insurance PolicyCost - $626Coverage - DP1 for $90,000Personal Property - $2000Premises Liability $500,000Medical Payments Per occurrence - $25,000Medical Payments per Person - $1000Deductible - $1000Fair Rental Value - $12,000Second Insurance PolicyCost - $730Coverage - DP3 for $249,000Fair Rental Value - $49,000Additional Living Expenses - $49,800Personal Liability $500,000Medical Payments to Others - $3,000Information on propertyOld property constructed in 1880.

If we refinance, I think I can get our payment down to around $400 per month, at which point the average monthly cashflow from our existing rental can take care of our primary mortgage and we'll have virtually no house payment (except for taxes and insurance).  

Hello,With regard to title searches, what actions are necessary prior to buying a house at sheriff's sale?  Do you take these actions on each property that you plan to bid on prior to each sale?Thanks!