The insurance company put tenants up in a hotel.

@Ryan Keenan Lenders will generally add mortgage, interest, insurance, property taxes and depreciation back into your gross income when comparing it to your federal taxes and total PITI. 

@Omar Khan ok I think I understand... so FHA always pay mortgage insurance premium unless you refinance.

However it is an investment that may require you to be more hands on to insure the decisions made affect your return in a positive way .  

If you don't have 20%, you'd pay  private mortgage insurance. 

Hi BP,Can anyone recommend please recommend a licensed, insured, bonded roofer in the Rochester NY area? 

Taxes, insurance, maintenance, vacancy, reserve fund?

Assuming your close to $200k contract price your ROI after taxes (2900), insurance (1000), vacancy (1 month), management (20% gross), and turnover expense (~1000) is going to be less than 4%.

The Title Company is issuing title insurance and they can't in good faith issue a warranty deed and the insurance without verifying this transfer.

-- Make sure a picture of the house is in the body of the letter and the top left of the envelope-- Ask if they want to sell their house-- Include your name and business info7)**When you get a response**-- Do a walkthrough inspection-- Find holding costs, rehab costs, insurance, and other fees (is there a never-ending list of fees?)