That being said I'd hate to put in the premium grade stuff and have someone's pet leave stains on it, etc.I don't really want to go with vinyl plank as I don't want seams in the bathroom.Thanks!

I don't think I want to go with owner financing for my first deal.Conventional Financing and Property Management are lined up, but the estimate for insurance should be on the high side.Structure Details:Unit 14 - 2 bedroom 1 bath2 stories, built in the early 80s, brick and wood siding3 of 4 units currently rented month-to-monthRent ranges from $625 - $550 (tenant pays utilities)Mixture of tile/carpetSome units come with washer/dryer, but all have hookupsMetal staircase needs to be repaired or replaced $$$Roof is in bad shape, needs to be patched or replaced $$$Fascia and soffit  on 2nd story needs significant work as it is hanging with visible rotOutside AC units are a mixture of old and olderComps for nearby 4 plexes average about $165K on MLS (realtor friend pulled them)Tax Assessor Value $159,000Roof, fascia, and stair repair estimate $19,000 Unit 2 4 - 1 bedroom 1 bath 2 stories, built in the early 80s, brick and vinyl siding0 of 4 units currently rented, and seller said that he hasn't put any effort into finding tenants (red flag?)

others  results may vary  LOL...most of what I have seen in your neck of the woods on property that will redeem get bid way down into the mid to low single diget return rates.are you bidding in other states other than florida.. ?

If your UFMIP, or upfront mortgage insurance premium - the 14K - is being added to the loan amount, that can be excluded from the cash to close. 

The house has wood paneling throughout that we don’t rip out due to there being new interior doors and crown mounding already installed.

I practiced as an civil defense lawyer for a couple years and can think of the following situations where insurance didn't cover just off the top of my head: 1) agent pocketed the premium and issued a fake certificate of insurance.

Some more well heeled investors find that part most attractive and many will pay premiums to get.Good luck!

Most people, when buying a home are paying premium dollars because they want everything perfect.

I sure hope to have lunch with them in the course of the next 10 years or so as our vacation and travel plans take us to their neck of the woods. 

Yesterday I was informed that one of my properties was now going to increase to $5000 deductible effective immediately, but that this change would lower my premium by a whopping $3/mo.When I inquired about this I was told that their company has decided that all policies in Michigan will now have a mandatory $5k deductible and this would be the case for any new properties enrolled in Michigan.