I need to finance this deal on its own merits.The debt coverage is more than sufficient, the problem I've run into with portfolio lenders is a minimum loan or appraisal amount per property.

Factor in their costs of business: license fees, continuing ed, MLS and Board of Realtors dues, and E&O insurance.

My final mortgage with taxes and insurance escrowed is $1387/mo.

. $600 per month each Total: $2100Listed $110,000 Tax: $166\moInsurance$176/moUtility's; $100/moLawn/snow care: $50/moVacancy:$100/moRepairs: $100/moCapex: $100/moProperty management: $200/moMortgage$462:moTotal expense:$1443Monthly cash flow: $657Annual cash flow: $7884$22,000 downCash on cash return %35I guess that's what the current owner pays in insurance kinda kills the deal a bit.

. $600 per month each Total: $2100Listed $110,000 Tax: $166\moInsurance$176/moUtility's; $100/moLawn/snow care: $50/moVacancy:$100/moRepairs: $100/moCapex: $100/moProperty management: $200/moMortgage$462:moTotal expense:$1443Monthly cash flow: $657Annual cash flow: $7884$22,000 downCash on cash return %35I guess that's what the current owner pays in insurance kinda kills the deal a bit.

I’ve asked owners for rent rolls and expense summaries, including insurance costs.

Many of these distress houses are far behind on taxes and insurance and hoa fees, etc.  

FHA is great if you're going to owner occupy 2-4 unit, but conventional 5% wins on SF-- the mortgage insurance cost is lower and easier to remove.

Hello PA Real Estate Investors,I am looking for a title insurance company in the western PA suburbs. 

@Shelly Shanks For buy and hold the formula is relatively simpleAnnually:(Monthly rent x 12)- property taxes - insurance -property management fees - HOA fees if applicable - budgeted maintenance and repairs- expected vacancy - loan payments.This will give you your annual cash flow.