We just purchased a property with four mobile homes on it. I just got a quote from Foremost and almost had a heart attack. Who do you recommend using for a policy that won’t cost me my firstborn child?

You need the correct insurance and that’s it.

Long story short the house is in bad shape, insurance hit me below the belt, and I can't sell this place until it's repaired.

I am planning to standardize the rents, it is going to take some time though.

@Chad Day your insurance looks low for $240,000 in Building value and 3 units.  

You'll be paying interest on a loan, property taxes and insurance while you are doing the renovation and then waiting for a tenant, which brings up the last point.

So, we have to go through our insurance.

Anything higher doesn't meet conventional lending standards, and halts all efforts for these type loans. 

What’s the best health insurance for self employment?

They just count toward your basis, and can reduce any gain when you sell.Part 2: Mortgage Interest and Real Estate Taxes 75% will be deducted against rental income on Sch E 25% will be deducted as itemized deductions on your Scheduel A (If your itemized deductions are above the $24k required for 2018 to be able to itemize) If your itemized deductions are below $24k- you get the $24k standard deduction instead and nothing happens with that 25% of the interest/re taxes.