The high property taxes and insurance in TX are cash flow killers.

I like that one better than the FHA because you have mortgage insurance that can be cancelled if its determined (by way of an appraisal) that you have 20% equity.

Insurance is also double. 

The bigger the company the higher their overhead, the more money they spend on advertising and marketing plus workman's comp, insurance, and manytime even the vehicles and tools.

I started my "professional" career in the insurance world as a property claims adjuster/estimator and know the game fairly well.

There is insurance, utilities and your set-aside for annual property tax and upkeep.  

They will also now consider alternative proof of income rather than just your notice of assessment from CRA.Also that announcement was from CMHC for insured mortgages.

I’m about to put an offer in for a waterfront single home in Fort Lauderdale and got an estimate of 6k per year for home insurance, not IncludIng flood insurance.

Typically, the same applies to LLCs where you and your spouse are sole members.Actual Lenders Title Insurance states;CONTINUATION OF INSURANCEThe coverage of this policy shall continue in force as of Date of Policy in favor of an Insured after acquisition of the Title by an Insured or after conveyance by an Insured, but only so long as the Insured retains an estate or interest in the Land, or holds an obligation secured by a purchase money Mortgage given by a purchaser from the Insured, or only so long as the Insured shall have liability by reason of warranties in any transfer or conveyance of the Title.

And even having health insurance doesn't buffer consumers against financial hardship."