@Annette Yim- if you are working with a  realtor - ask them these questions ...if you arent working with an agent - consider doing so  until you  get  experience to  work without one ......also - if you will need to use a loan - make sure you are fully  pre approval before making an offer 

As an investor and agent here in Columbus Ohio, let me know if you have any questions or want to connect!

She does pay rent based on listing agent?

@Danny Van- thanks  1) if you have some equity in the property - you might consider getting a HELOC in place now  in case you  want to use any  equity in the future ...Its  easier to get a heloc in place on a primary home as compared to a rental  2) contact your insurance agent and  ask for an  estimate for how the insurance coverage and premium will  change  3) consider  a proeprty management firm if you dont want to  self  manage  4)  get any forms and  processes  in place  (  leases / credit checks / bank accounts/  etc ....)

Lender's use 3rd party inspectors who are usually agents or appraisers taking on side work. 

Most insurance is based on replacement cost which is the estimated cost to rebuild the property in the event of a claim.The easiest way to get your questions answered is to talk to a knowledgeable agent!

I'm an agent, investor and developer in Houston.

So in this current economic environment, a "bad risk" is anyone that makes a claim against an insurance policy.The damages have been remediated, the interior of the home has been rehabbed, including a complete kitchen makeover.My insurance agent had difficulty finding me a replacement policy, given that the property was untenanted, and undergoing construction.

Home was overpriced, I negotiated against listing agent to a much lower than asking price and invested very little on cosmetic upgrades.

I am full time investor/agent and she had W2 that she put over 50 hours per week in.