I feel like I e read before that 25% of net profit is a good rule of thumb to set aside for those taxes, but what have you all found to be true? 

Any thoughts and considerations would be greatly appreciated. 

But now that the sellers want to file an insurance claim, I’m assuming the claim will take a good amount of time to be processed.

May have some dumb "newbie" questions at first, but a fast learner and expect to do well. 

Whether you're looking to continue generating income or upgrade to meet market rents, this well-maintained property offers both flexibility and value.

Just be sure to tell your carrier exactly what you're doing.

Will I be stuck with a home in which I will need to obtain permits for this past work ?

Obviously we don't agree but won't be sharing details because we owe a duty of confidentiality to current and past clients, and we take that seriously.I'm not ashamed of our in-house maintenance rate which I can share here: $56/hr.

They will be able to force the sale or just foreclose on those as well. 

Like @Trent Reeve said, it sounds like a mortgage to me as well.