Hi All,Looking for some advice on how to shop for Insurance. 

Have you called around and received quotes from some local insurance agencies?

You might have to ask around or guess insurance costs, or you could call a insurance company and tell them you're just trying to get a basic idea for research (so they understand that you don't need a full-on quote).

Here’s how I would analyze it:Vacancy - $95.1 (one month rent) 8.34%PM - $115 (Even if you self manage) 10%CapEx - $80.5 (7%)Repairs - $92 (8%)Total = $ 382.60Total Expenses = $382.60 + $266.67 Taxes + $70 Insurance + $526.09 P&I = $1,245.36Cash Flow = $1,150 - $1,245.36 = - $95.36 (Negative Cash Flow)Also you did not include Closing costs for the Purchase and Refinance.  

It's the removal, the insurance, the wear and tear and the cost of the snow shovel - it all adds up in the Norther states.

i find the service folks with families to be a bit more stable and return the homes in better shape than the single folks but that of course is not a universal there is always an exception to that. 

Do your due diligents (flood zone, insurance cost, rehab cost, ARV, existing leans, updated taxes, ect.)Pay for title insurance!

Could you please suggest me how much insurance is required?

My apologies if I've overlooked them.1) INDEPENDENT CONTRACTOR AGREEMENT2) FINAL SCOPE OF WORK3) PAYMENT SCHEDULE4) INSURANCE INDEMNIFICATION AGREEMENT5) FINAL & UNCONDITIONAL LIEN WAIVERI've found multiple samples across the web, but wanted to see if anyone has copies of these they swear by.I'm in Texas, so these docs have to conform to state statutes in regard to arbitration, etc.

The summary is that they get to make an 8-14% return over the long run in a very stable real estate market without having to do ANY active management and get the benefits of top notch management over their investment.We get to make the same return in dollars which will come in at about $80-120 per hour based on the current units we own/manage.Dan Dietz