From my experience (at least here in Louisiana), the thing to remember is that you don't get the opportunity to inspect the property physically prior to closing.I have been pleasantly surprised and the I have also been "unplea$antly $urpri$ed"If you're the winning bid you assume the risk of the need for an eviction, a title lien, or unknown repairs required.The newer the property the more likely (it seems to me) you may have these risks of unknown liens or need for repairs.I would do it again, but I will only buy at 60% if ARV.

I've gathered that just from talking to a couple of tenants in the area..In the beginning I had a title check done and a city tax lien showed up from 2012 in the amount of $4,100 with interest accruing .27 cents a day so I thought the lien was $5,926.35.

Hey BPCurious to hear what companies people have their rental property insurance through in NYC and what the rates are.

The biggest benefits I could see was the automatic 1.65% financing and the property database service  (title, liens, crime, tax...).We didn't join and didn't provide any info at the event.

I dont know this for fact, but at the very least I would think the new GC would have to supply insurance info and licensure to L&I before anything is swapped.

Currently the scenarios I consider are:1) Housing slumps: reduced liquidity and rent decreases ..2) Money lenders calling a loan for some reason..transferring title to LLC etc.3) Uninhabitable property... fire, flood etc... 

As I'm preparing for this, I'm wondering what advice people have on home insurance--best companies they've found, or things I should be sure to note when I'm comparing plans?

However, I have no job or no title, if you will.

Here's the numbers:Single family house in NE San Antonio. 1,456 square feet, 3 bed 2.5 bathPurchase price: $105,000Rehab; $20,000Hard money loan: $112,500Cash out of pocket (From HUD stmt):$12,500 (down payment)$2,250 (points)$385 (lender fees)$892.50 (title fees)$1,320 (insurance)-$2,001.34 (credit for unpaid taxes)Total: $15,346.16Actual rehab cost: $19,678.12Hold time until rehab and refinance complete: 98 daysInterest expense: $3,020.55Refinance loan terms: 30 year adjustable rate mortgage at 5.75% interest fixed for 5 years at 85% LTV and 1 point.Appraised value: $164,500Cash-out refi amount: $139,825Cash back in my pocket after lender fees, title fees, down payment, interest expense, insurance, etc are all accounted for: $5,389.50Now the place is rented for $1,200 a month and I figure I'll pocket about $200-$300 a month after expenses and mortgage payments and in the end, no money tied up in the deal!

I am looking at purchasing a 2 family property, and was wondering if there was a way to avoid mortgage insurance if I put 10% down.