Other things I’ve heard of is using a captive insurance company, but that’s more for the big guys who make a lot of money (think 500k plus) or putting properties in a C or S Corp and paying yourself a dividend.

To cover myself I would like to put a policy on this property, something basic and will cover me.

I've never really heard or seen anyone tackle the issues of escrowing taxes and insurance when setting up an owner finance deal.

Currently looking at a multifamily property.Purchase Price- $371,000Rental Income- $310025%  down with taxes/ insurance makes mortgage -$2,040The property is turn key and has been fully redone over the past two years.Is this a good deal?

They always have new deals and solid financing. if I remember correctly they have a pretty good 30 day return policy.

It’s a quitclaim deed and no, the closing attorney is not going to help you violate the terms of your new mortgage (the very one they are insuring) immediately after you execute it.

Mark,This is the perfect time when Renters insurance should kick in.

So I think I will put the property under my name, and buy an insurance for $1m liability.2.

Annual Insurance?

My former residence (a condo) has the following monthly financials:$55.00 Tax - County (until Jan 1, 2018, then $133)$39.58 Insurance$74.32 PMI3.375% APRGreenville, SC 29615I purchased it for $82,500 in Oct 2012.