This premium is known as the rent credit, which, like the option fee, counts toward the down payment at the end of the term but is non-refundable if Alex and Rodney choose to not purchase the home at the end of the term.Obtaining Financing.

Market or Appraised Value $525,000 Purchase Price $525,000 Repairs/Punch List $1,000 Closing Costs & Fees $1,500 Total Cash Investment $527,500 Monthly Rent (GSI) $1,000 Annual Property Tax $5,000 Annual HOA Dues $0 Annual Landscaping $0 Annual Insurance Premium $1,104 Vacancy Rate (% of GSI) 5% Maintenance Rate (% of GSI) 5% Property Mgmt Rate (% of GSI) 0% Gross Scheduled Income (GSI) $12,000 Less Vacancy Amount $(600) Gross Operating Income (GOI) $11,400 Annual Operating Expenses Property Management $0 Annual Property Taxes $(5,000) Annual HOA $0 Annual Landscaping $0 Annual Insurance Premium $(1,104) Repairs & Maintenance $(570) Total Operating Expenses $(6,674) Net Operating Income $4,726 Less Debt Service $0 Before-Tax Cash Flow (BTCF) $4,726 Cash-On-Cash ROI 0.90%

I pay the 12 month premium, then get refunded for anything we don't use, with a minimum of 3 months.  

I do not know any attorneys but some of the investors I work with in that area swear by My Premium Title.

Thanks @Mike Wood!

Mike Wood, Thank you for your replyDo you know what LTV you can get on a property that is your Primary Residence ( after the Seasoning Period ) ? 

Contractor also has someone get livingroom prepped for the wood grain tile I switched to.Day 6 Is livingroom floor as long as it is prepped he can knock it out in a dayDay 7 Carpet is replaced (crew of 6 GIANT guys come in and put new padding and carpet down.

Contractor also has someone get livingroom prepped for the wood grain tile I switched to.Day 6 Is livingroom floor as long as it is prepped he can knock it out in a dayDay 7 Carpet is replaced (crew of 6 GIANT guys come in and put new padding and carpet down.

If I got that, all of my premiums would have gone up for car and what-not.  

New BP member myself in your neck of the woods.