However, many borrowers wind up diming themselves out accidentally by changing where the payments are coming from, changing the named insured, etc.

Of course many of these homeowners bought their homes years ago when prices were a fraction of the cost they are now and might have their homes paid off or a small mortgage .

However, he likely will have to pay Mortgage Insurance which can be substantial.

@Joseph Whitton it’ll be super great with hurricane season...be sure to carry good insurance on them.

If you want me to walk you through the process of examining titles and the checklist I've built up over time we can skype/discord.I'll review Idaho's tax-deed laws this weekend - in the mean time post your questions on Avvo as well (you'll have to do one question per post however but you can't beat free lawyer advice).Weird your state issues QCDs... and not a Tax-deed.You will have to learn to title examine on your own... do not go with title companies per property unless you have a massive bankroll (granted if you see a property that you know you'll win, you also physically visited it, go ahead and order a title search).You may be looking in the wrong states (there exists 1 state out of the entire USA that issues title insurance for tax-deed sales and also has extremely pro landlord laws).

You can of course improve this general rule of thumb by:1) putting more money down to lower your monthly payment2) buying down your rate to lower your monthly payment3) get a cheaper insurance quote to lower your monthly payment4) use a different product with a lower rate for a lower monthly payment like a 5/1 ARM FHA5) if you're in a historic district you can apply for property tax exemptions which lower property tax and thereby lower your monthly payment like in Orange, Ca they have a Mills Act which reduces the property tax to about 1/10th of the surrounding properties.

I’m currently looking for a good cost effective home insurance carrier, would anyone have recommendations?

You still have utilities, taxes, insurance, realtor commissions,...

Your cash flow is basically rent minus mortgage P&I, property taxes, insurance, income taxes, local fees, utilities (if you pay any), repairs, management, vacancy, evictions and capex items.

Brokers' poor reputation has caused many brokers to rebrand themselves as “Commercial Real Estate Advisors” or “Real Estate Consultants.”This is similar to the Wealth Management and insurance industries, where commissioned salespeople pretend to be professionals who always keep the client’s best interests in mind.