You will at least see the filings/events in the foreclosure action, you may can read the actual documents online.

Insurance industry.

. $7,600 for taxes and insurance. $4,920 for management (plus lease-ups and renewals).

@Adrian ChuARV $140,000County assessment $78,900Taxes are $2,287 ($190 a month)Insured through NREIG at $556 ($46 a month)I bought it cash but will refinance it for $60,000 @ 5 75%.P&I $350Total liabilities $586It will rent for $1,200$1,200-$586 = $614 cash flow and CapEx

Having a good contractor (on the team or not) is essential to avoid this.I’m not sure about your State, but you should be clear about general contracting rules and regulations, length of liability, license and permit requirements, etc. before you start flipping OR make sure these responsibilities are included in the list of responsibilities of your contractor.If you’re going to partner with a contractor financially (equity share) and you both create an LLC, I’m not an insurance expert nor lawyer, but I would be clear (signed/notarized documents) about who is doing what within the Partnership Agreement.

I would be concerned about insurance not covering you if you had an unpermitted apartment in your basement that circumvented local zoning.

(I went to UofM Dearborn so I have basketball players rent out the bottom unit)The only thing that made it hard in Dearborn was how high insurance and property taxes are.

Seller shall provide such documents and information, which they believe to be true and accurate, within 5 days of acceptance of contract.

You need to be aware that your e&o insurance will not cover you when you are a party to the transaction.

Xome makes no warranties, either express or implied, concerning the content of the title detail document, including the accuracy, completeness, reliability or suitability thereof for any particular purpose.Does the SWD mean they will pay any liens on the property?