I also think that you should expect about $100 a month in insurance.

But you’ve found NO motivation... so TODAY they might not be motivated, or next week or next month but your marketing and constant contact will insure you are who they turn to when motivation appears I’d suggest other avenues, try whatever is comfortable then also try whatever is uncomfortable.

You not only have a safety issue, but your insurance company may not insure you if something was too happen, you have a code enforcement issue, and you are exposing yourself to legal issues if someone gets injured up there.

This is not hyperbole.I get there is business overhead and insurance and travel time, etc. - but come on!

The challenges with subject to deals come up with the due on sale clause and the insurance.

they insist they must insure the property for full replacement costs of around $400k I thought owner occupant insurance would be cheaper than landlord insurance?

You need to learn how to use all the tools available to you (financing, insurance, management, etc.)

I think this could be at least $800/month, but evaluating based on what it is.Taxes and Insurance $110/moUtilities $80 / momanagement fees $50/mo (8% management... not to mention leasing fees that I put into the vacancy number)repairs $140 / mo.

Closing costs for a refinance are always the same: origination charge if the bank has one, title, appraisal if one is required (usually paid out of pocket by borrower), any points for the rate if it's below par, pre-paids such as taxes and insurance for your escrow account.

Previous owner claimed 150k from insurance policy which is insured for 650k.