Either way good reason for me to raise rent I will add this to a list of other state/ local/ insurance related costs for my renewal notices in the spring

I used a guesstimate of 6k annual for insurance while my broker was shopping quotes.

Talk with an insurance agent to get you the correct coverage.

, plus insurance, water, sewer, trash, plowing, and lawn maintenance.

Use your name and insure (liability and umbrella) to the max!

She stated that she screwed up, and is terribly sorry, and not sure how this happened or how it was not caught by anyone....but that the loan product (Freddie Mac home possible) that they are using...went through everyone, passed underwriting, and then was selected for quality control and was noted that one of the home possible policies stipulates that: Ownership of other residential property The Borrower must not have an ownership interest in any other residential property as of the Note Date, or the Effective Date of Permanent Financing for Construction Conversion and Renovation Mortgages, except as stated below.

You're also going to need more expensive commercial insurance.

There’s a lot of debate about setting up an LLC or just getting a big enough umbrella policy.

My goal is to replace as much of my income as possible with passive income.The property is cash flow positive.The mortgage on the property is $1303 with taxes and insurance. 

Also when purchasing from auctions if you do a title search and it comes back clean is it still recommend to purchase title insurance?