For investors who wanted to sit on the house and rent it there were the additional expenses of water insurance.   

__________Junkies also stole the copper plumbing.

They are a rental guarantee insurance company that helps tenants with less than stellar credit or people that just moved to the US without prior credit history.

@Giovanni Brown Get an inspection report plus get skilled tradespeople to inspect the plumbing, electrical, and HVAC if you suspect there are any problems, on an older home there might be.

Hi,I am about to become a first time landlord and was hoping someone could shed some light on what type of insurance I should be looking into for renting out a single family home.

Does anyone have any input on estimating taxes, insurance, and water on multi-units in Grand Rapids? 

Help see if we should go ahead with this triplex opportunity. 3bed/3 bath 1450 square feet.Currently in due diligence with asking price of $70,000 w/ estimated rehab costs of $80,000 including:-Asbestos Abatement-Paint-New Appliances for Kitchen and Showers-New Boiler/Venting system-Plumbing and Electrical -Header in the basement-New Windows-New Roof-Tree RemovalRents in this area for the single units (400 sq ft) = $700 and one larger unit (800 sq ft) = $900, total = $2300.  

All three together the rent, insurance and property tax is $2,500 a month.

All three together the rent, insurance and property tax is $2,500 a month.

So Mark do you do a lot with life insurance & infinite banking?