Currently looking at a multifamily property.Purchase Price- $371,000Rental Income- $310025%  down with taxes/ insurance makes mortgage -$2,040The property is turn key and has been fully redone over the past two years.Is this a good deal?

It’s a quitclaim deed and no, the closing attorney is not going to help you violate the terms of your new mortgage (the very one they are insuring) immediately after you execute it.

Mark,This is the perfect time when Renters insurance should kick in.

So I think I will put the property under my name, and buy an insurance for $1m liability.2.

Annual Insurance?

My former residence (a condo) has the following monthly financials:$55.00 Tax - County (until Jan 1, 2018, then $133)$39.58 Insurance$74.32 PMI3.375% APRGreenville, SC 29615I purchased it for $82,500 in Oct 2012.

COMMITMENT: Within 20 days after the Title Company receives a copy of this contract, Seller shall furnish to Buyer a commitment for title insurance (Commitment) and, at Buyer's expense, legible copies of restrictive covenants and documents evidencing exceptions in the Commitment (Exception Documents) other than the standard printed exceptions.

That’ll satisfy the 25% down payment but you’ll have closing costs, escrow account deposits, first year’s insurance premium, utility deposits, $ for needed upfront capX plus reserves.

I'm researching insurance policies for my 1st SFH rehab. 

If they didn't I wouldn't even mention it..They should contact their Car Insurance or Home Rental Insurance if they want car repair, you should not be responsible..