I feel like I've heard that after a certain period of time you can convert it to a rental and buy a new FHA insured property. 3 yrs maybe??

So if income for a property is 2000/month, they count 1500 minus mortgage, tax and insurance.

What would your standard house insurance be for a 100k house in either markets?

These low down payments will still have mortgage insurance.

Payments currently are 2500 a month  for mortgage taxes and insurance and the place brings in 3000.  

Same with my insurance carrier (Erie).jeff

We then set up with title when it came time to close.  

But don't forget that you have expenses like maintenance, taxes, insurance, heat, hot water, electricity, management, etc. 

I had no one to refer to@Ariel G.Nice to have someone here in Israel to talk to, and to consult withI wonder how did you manage to analyze deals, because I don't know if we (as Israelis) have the knowledge to do soAs I said in one of my posts here - we are not familiar with the market in the US, so I think it is hard for us to know for example how much rent can we take, what about insurances, property management costs and so onHow did you manage to gather all the data and make an analysis?

The mailing address for the property points to a property that is owned by someone unrelated to the grantees.The property is not in tax title and no liens have been recorded against the property.