If it is FHA mortgage the down payment and insurance is not what you put in.

Jay, can you send me a link to their profiles.you will have to ask Mindy.. but I just got another PM from him  and it was from account closed.. so not sure how he / she managed that. still trying for that 800.00  which first was for PPI   private payment insurance then turned into application fee  

I know most banks are FDIC insured, but who knows how that whole process would go if it becomes necessary.Therefore, when these guys are saying they have cash ready, do they mean actual physical US dollars, cash in banks (like most Americans), or some other form of asset?

Hey William,   after checking out your report,  if the property is in our area,  the monthly taxes is low or the assessment maybe low and will go up after you purchase,   and I didn't see a line item for insurance either,   you may have trouble getting a 30 year loan on a multifamily,  I'm sure its possible, we are closing on one this week,  20 year @ 5.25%.   

Thats pretty standard and has been the case as long as I can remember.

Since, I am paying the taxes and insurance upfront for year 1, which is collected from the borrower, when will the end investor have to collect to ensure these expenses are paid in year 2 and beyond?

its the title company that will not insure it to you new buyer.. or lender.you can rent it and own it or live in it..  

The monthly numbers:Gross Rent = $1100Taxes & Insurance = ($156)Vacancy = ($92)Repairs = ($77)Trash, Lawn/Snow, Inspection Fees = ($103)PM Fees = ($161) based on 80% first month, 8% monthlyWater = ($46)Capex = ($110)Total Cashflow = $355/mo, $177/doorROI = 9.5%.  

I own a home in Beavercreek and I'll be selling it when I have to move in a half a year because the rents would barely cover the mortgage/taxes/insurance.

Probably your dad like many owners sucked out the cash flow over decades and did patchwork repairs instead of maintaining to a (sell ready) standard.