I am trying to analyze a lot of properties and i am having trouble with figuring for property insurance.

That’s why I always recommend buyers don’t take the “free” title insurance offered by the bank.....their title policies searches “avoid” looking for unrecorded liens, and except them from the title policy.

I have my taxes/insurance figured into my Net Operating Income, so I should exclude taxes/insurance from my Debt Service costs, correct?  

Also your insurance and electricity budgets seems on the low end but I may be biased to that because I live in a place where insurance rates are insane.

. - They generate high carrying costs from interest, taxes, insurance, utilities.

Obviously there are whole resort towns where you see this is standard practice, but there have also been instances where people lost their homes when trying to skirt both the law and the spirit of the law. 

Get them into your standards as soon as possible.

Dealing with insurance?

I’m wondering if there’s a way to have them fill out a quick survey or do I just maintain a standard text message with questions?  

What are some good strategies to get accurate utility costs, vacancy rates, and insurance estimates so that you can calculate NOI and cash flow to take to the bank for loan approval?