Here is how it played out:Purchase $72kRehab $45kRefinancing/cash out at $125k with a note at $861 tax and insurance included.

Just make sure when you analyze the numbers to factor in all expenses (ie. maintenance, vacancy, CapEx, taxes, insurance, property management fees, etc).

What's the point of having two cheap houses that bring in 1500 bucks in rent a month and double the work and trouble when you can buy one more expensive house and rent it for 1400 to stable tenants.

What about taxes insurance m, capex, repairs and vacancy ?

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

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.

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? 

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.