I determined the value to be $1,506,533:Value = NOI/Cap RateValue = $135,588/0.09Value = 1,506,533I put down 20% ($301,306)I pay 1 point ($15,065)I pay for title insurance and a lawyer ($7,101)Total: $323,472"After your research, you decide to project a 3% annual increase for both the income and expenses."

Mortgage payment is $930... taxes and insurance are escrowed, plus $120 of that is PMI.

I had insurance on the property, so im covered in that aspect, because they are rebuilding my unit as part of a mass rebuild project jointly with the HOA insurance.

They were responsible for replacing the damaged appliances, paying the pet fee, and my $500 insurance deductible, as well as rent.

Your carrying costs include mortgage, property tax, insurance, electricity, water, garbage, HVAC since it's summer and any HOA if applicable.Get a Prelim Title report $50 to $60 in most places.

You can still get decent cash flow, and you are in stable neighborhoods that have some potential to appreciate.

Is there any hope at all that their liability insurance can help with this?

@Fernando PenaIf the tenant intentionally or willfully damaged your place, your insurance might cover some of it.

We bank and have insurance with USAA.

I was reading an article ( https://www.biggerpockets.com/renewsblog/work-with... ) about delayed financing where it mentions "When you buy the house, you can put the rehab, your insurance, and any other hard costs like this on the HUD.