Your payment will simply be too high and your rent will not cover your mortgage payment (PI, AKA debt service) and all of your expenses (vacancy, PM, taxes, insurance, maintenance and repairs, and an allotment for CapEx). 

Thanks to AirBNB for all their help and insurance.”.

Who should file an insurance claim?

Hello,Does anyone have experience in obtaining property insurance on a property where you have acquired the non-performing loan? 

My PM just called in and reinforced that the potential tenant  will sue us for discrimination because they already provided us the $1mm renter insurance coverage.

You will need to require renters liability insurance as well with the dogs listed yearly, and  a rabies shot each year.

have a solid idea of your market ie rents, types of tenants, property taxes, sewage and water rates, insurance rates, cap ex and maintenance expenses, good parts of town vs bad parts of town.

Some quick points:FHA is great for buying properties that have multiple units (up to 4) when you're going to live in one.You can do either a 203K renovation loan or regular FHA insured loan.FHA is not only for first time home buyers.  

They include loan payments, taxes, insurance, utilities, and any other costs that occur during the Rehab period and up until the property is fully rented.  

I have been offered the loan I would like but need to pay a sizable insurance sum.