Lelith Walker the reason for that is insurance.

Hey everyone, I'm looking to invest in my first property soon, I've been running numbers on properties but when it comes to monthly insurance, I'm not sure what's an appropriate amount to put in.

And yes is you buy a junior position the other mortgages senior to you stay in place but the IRS goes away as stated.. its the first in time is first inline ... so say you bought a second TD and there was a first td and a few mechanics liens filed before the 2nd was filed then those stay.. although rare because the second usually wanted title insurance and would not fund with liens in front of it.I loved Trustee or Sherrifs sales when IRS liens were there.. it scared all the newbies away.. and or those that had to back fill with a loan ASAP and could not wait out the 120 days.

You could potentially use a UCC1, but I wouldn't do it without title insurance and a title report or things could appear on the title of the property with a UCC1 filing.  

Sit down with you insurance agent and go over everything in detail to make sure you're covered.  

Can you talk a little more about how you decided on your standards for screening tenants?  

Liability policy" makes me think of insurance - is this what you're talking about?

When evaluating cap rates I'm taking out taxes, insurance, 8% vacancy, 10% repairs, 8% cap ex, and 10% property management fees; however, if I lower all of those percentages then my cap rate is higher - is everyone using lower percentages and that's how they're finding cap rates of 10%, or am I truly looking at a lot of overpriced MLS properties?

Lincolnville is way over priced now that the hipsters have discovered it and of course it was flooded during hurricane Matthew...now the city might make you bring the buildings up to code which can include lifting the houses up ....I would be very careful about any "deals" that suddenly pop up ...here is an article that explains ithttp://staugustine.com/news-local-news/2016-10-28/hurricane-repairs-st-augustine-flood-elevation-standards-could-be-concern

 If a sell/owner was to carry a loan through the sale of real estate property, can that seller take out mortgage insurance on the buyer?