Hello all, Closing on a multifamily(2 family duplex) at the end of this month and I have been getting some pretty high quotes on homeowner's insurance.

Through a lengthy and thorough insurance claim, I doubled my money so that was very good! 

4 bdr house with 2 bath, remodeled kitchen, no major damages or repairs in FullertonSqft: 1377, 6018 lotPurchase price: 460,000Closing cost: 13800Down payment: 92,000 20% downMonthly mortgage: 1864.60Rent income: 3000Property taxes: 421.67/month Insurance: 100/month Vacancy: 100/monthCapex: 150/month Total expenses: 805Financing: 1864Income: 3000Cash flow:~330ROI:3.74So this is just me practicing for a property in Fullerton.

Hello @John LeavelleProperty 1’s mortgage, insurance, and taxes is $445 and rent collected per month is $950.Property 2’s mortgage, insurance, and taxes is $800 and rent collected per month is $1,200.Would the refinance cut that much from the cash flow?

As for collecting monthly payments you hire a servicer for $20-25 a month and they will make sure there is insurance on the property, as well as escrow taxes and insurance.  

Their son burned their house and the insurance company moved them into a hotel.

The taxes are around 1680/year, and I'm going to guess insurance would be 30-40 a month (realtor.com estimate plus some).

They also provide the title insurance that you will need in case they screw up or something was wrong in the title search. 

I've even had people tell me that "it's perfectly safe, you can even get title insurance on it".

The only thing is I need to learn more about the Flood Insurance process and need more education about purchasing in flood zones.