I feel as though we miscalculated something.One unit yields $400 in rent (1 bedroom) and the other yields $800 (3 bedroom).Total Rent: $1,200Duplex Price: $67,000Down Payment: $3,350Repair Estimate: $2,000Closing Cost Estimate: $1,500Total Investment = $6,850We factored in:Mortgage: $340Mortgage insurance (we would have a low down payment): $40Home owners insurance: $67Property tax: $113Vacancy savings: $60CapEx: $60Repairs: $60Lawn/Snow: $120There are no HOA dues.Total costs: $860So, our monthly cash flow should be $340.Annual cash flow $4,080Total Investment $6,850ROI: 59.5%I feel like this return is far too high.Is there something obvious we're missing?

Call me a negative Nancy, but if something goes wrong-say a break in and you were the last one to leave the apartment-who's insurance covers it-the tenants or yours? 

Always use a title co and get title insurance.

But, keep in mind you'll still need to be liquid for closing costs: Lender Fee, Broker Fee (if applicable), Title, Insurance etc.Cheers!

Hi all, I'm looking for any recommendations for property insurance providers, specifically for multi-family properties in South Florida.

Even though you have insurance, you could possibly be jeopardizing the other $400K in your IRA since it and your house both have the same name and an attorney could go looking for whatever funds he can get for his client....

Not sure where to start...property management, insurance, and anything else.

Wooded and spacious, just a little far out, but only 10 minutes from the interstate.Sales price is 600k9 units rent average $900Expenses are just lawn water taxes insurance 15000Gross income 97200NOI 82200The cap rate of 14 works but is valued at 66k per unit.

The other 2, their house burned down and their insurance company is paying for them to stay in a STR for 3 months. 

The cash flow equation is another story, make sure if you cash out at 75% LTV it will cash flow after the mortgage, taxes, insurance, and vacancy/repairs.