If you are paying for private mortgage insurance, the market may have helped you get out of it.I did some digging and the median home price in Salt Lake County has appreciated 31% since the beginning of 2016 (from 275k to 360k). 31%!

It provides an insurance policy of sorts against you dragging this process out by making a mistake.

That brings the NOI down to $21,1605) insurance looks low too.

The purpose of screening him is not only to determined if he is a trouble maker but is also to insure that when your present tenant leaves for any reason and you end up with him as  your only tenant he is fully qualified.

Is 0.75 multiply against what is charged for rent for the month or is multiply to the cash flow I get after I subtract all expenses such as insurance, taxes, and paying the existing home mortgage?

It is going for 109,000 I want to try and get it for 90,000.Monthly gross rent-$1650Expenses Tax-264 a monthWater- 100 per month estimatedHeats-100 per month estimated insurance-100 per month estimatedvacancy-115.50 (7%)Capex 82.50 (5%)Repairs 148.50 (9%)Management 165 (10%) P&I 386.51Garbage 50 per month estimatedTotal 1,511.68 Monthly Cash flor 138.32COC- 6.64% Pro Forma cap rate-4.84%purchase cap rate- 7%2% rule 1.70I don't know if the seller would accept 90,000 but its a smaller place needing updating and has been on the market for about 130 days.

I need to buy the lot cash or find some sort of loan that does not require insurance.

Umbrella insurance is always good to get - you'll sleep better.

We can not give you more advice outside of our area as our insurance does not cover them.

.- Being paid off and after all expenses, cashflow is $2,308/month.Here are Investment Returns after calculating rents; taxes; insurance; capex; maintenance etc.The columns are: Year 1, 2, 3, 5, 10, 20, and Year 30.