The house is a foreclosure and is on the market for 100,000, taxes are 2,240/year…estimating that insurance will be around 1000/ year.

@Rashaad Harper Aluminum wiring is a big one because some insurance companies will not insure.

What insuance agency will insure a new purchase if the bathroom needs to be remodeled due to water damage?

For our situation, it would cash flow and the amount of equity we would receive wouldn't be enough to purchase another multifamily rental.Another option for you is to refinance into a new loan, rent the home, and use the refinance proceeds to buy another property.

Taxes are  $10,500/year and insurance is $3,450/year.

Would love to get some feedback on these numbers.FACTSFully occupied 3-unit MFH: 3 x 1br 1baAsking price $149kGross rent (not verified, based on the median rent in the area according to Rentometer): $2400/monthTenants pay all utilitiesAnnual taxes: $3,578.26; no unknown unpaid taxes nor liensNo HoA feesAnnual insurance (guestimate): $8002% rule: 1.66%50% rule: $646/month Calculations made with the current asking price, no rehab costs, $5k closing cost.

HelloSo I'm using the rental property calculator and I never really know what to put in for the property insurance number...

@Ryan Corder, you right, broker is probably an idiot, and transaction should proceed as scheduled since repair is HOA responsibility. 

Would I need to carry my own insurance?

.$34M purchase7% preferred returnCash and Cash - 8.5% over 5 yearsWhen deal sold, the principal is returned and 70% of proceeds basedEquity multiple 1.94"Over 5 years, you're basically doubling investment."15.9% IRRUsing that -- and some if the info seems contradictory to me -- how do you simplify to, "If I invested $100K here, assuming their numbers are true, I could expect to earn $XXXX each year and $XXXX total after 5 years"?