Save for 7-8 months and get my 20% down of 10k on it and go to a bank which isn't my favorite option or maybe since I was reading on here that life insurance company's have a very low interest rate and like to invest in multi family buildings that would be another good option.

@ Deandre Prescott Within 6 month:-There is no waiting period if its  documented that the borrower acquired the property through an inheritance or was legally awarded the property(divorce, separation, or dissolution of a domestic partnership).After 6 month its simply cash out. 

The approved plan or some document within the BK should not the mortgage is to be paid outside of the BK.

If you talk to her and say, "You know, I think it's probably worth $175K after it's all fixed up, I think it will take me $60K with with all the known and unknown work, plus 6 months of my own time (@$4k/mo), interest on the loan, insurance, permits, etc etc, so subtracting that from the final value, I can offer about $50-60K." 

Stuff just got real.First thing I did was insured it.Then I hunted and found someone to do the title work.

If it IS a separate bill in your area then yes, definitely include it as an expense, and the 'other expense' category would be a good place.You want to include ANY expense you might incur - I was watching a webinar last week from the archives and it was interesting how a couple things that I dont deal with; flood insurance, garage & water/sewer (tenants pay in my area) completely changed one of Brandon's deals he was looking at from pretty good to just break even. 

You have to take full advantage of the seven years you have until you'll have to start paying four-figure sums monthly for your own health insurance.

@Dan Redd PM me and I'll send you the documented process. 

One of the big benefits of using the same lender is, besides building relationship, they have all your information already, so you don't have to spend hours trying to submit all the necessary documents.

Airbnb supposedly has a 1M dollar insurance plan that they have in place to protect guests and hosts for accidents.