If, however, I'm able to have the seller pay for my 1st year's mortgage taxes and insurance, I should be in the clear.

Obviously there will be a difference in cost to do the plumbing for a casual dining restaurant and an insurance office

Obviously there will be a difference in cost to do the plumbing for a casual dining restaurant and an insurance office.

.: $112,927 so loan total is $328,125 @ 5.125% = $2,076/moRents are $1,425 and $1,450 (soon to be $1,500) for a total of $2,925/mo and tennants pay all utilitiesProperty tax $1,358/yrSo taking into account 8% vacancy, $1000/yr maintenance, property tax, insurance costs, and no prop mgmt, I'm projecting around $600/mo in cash flow.  

Hi @Jonathan Yi, just a quick tip about getting work done on a Condo:  Check what the association requires in terms of insurance from the contractors.

I own an insurance and financial practice and could not justify the cost of the license, time required, legal concerns with REI, and overall cost.

I got fined on that one .to get the license you need a bond and insurance..  

Pretty much standard windstorm insurance is about 5% so that would be about 20K. 

Overall, they are giving me 15 days to close.Service link is offering title insurance, but I am getting the following phrases from Hudson and Marshall.."

College town properties often require investors to budget for higher insurance and repair costs.