I know, it has to cash flow, but curious if anyone has any insight into:* How to estimate insurance costs (flood, windstorm, and standard)* How to best verify a property condition (considering the location)* How to know good areas (some homes have been abandoned for years next to new builds, quality can be street by street)* General tips or recommendations for what to look for, or look out for

I'm looking to do my first real estate transaction very soon. I have tons of information about analyzing a deal, I think I have financing figured out. what I can't find much info about is the transaction itself. I wou...

im trying to analyze a deal and am trying to figure out how much are the holding costs... what type of insurance is that referring to that a hard money lender would want?

I'm analyzing these deals to get feedback on the analyses but if someone is interested, please PM me.2-unit Property in Queens, NYEach unit is a 2br/1baAnticipated gross rents: $3.6k/moOperating expenses (per month):- Vacancy: $180- Repairs/Maintenance: $36- Taxes: $300- Insurance: $150- Property Management: $180 (did this at 5% of gross rents because I can manage the property myself but I’d like to set aside a portion in case it makes sense to transition to management).

We pay for it, and volunteer our time in insuring it's accuracy as it is a proprietary business tool for our business.

We've looked into some of the numbers regarding setting up a functioning field: Rental equipment, store/shop, compressed air supply, climate controlled storage for paintballs, liability insurance, staffing expenses, etc.

IE- more stable income, more tenant references, and the biggest reason-they are willing to pay an additional non refundable fee for their pet. 

Buying a one door house is way too expensive and you have to take on high insurance, plus cleanup risk after a hurricane (still shook from Irma).

Adding to what @Sam Shueh said, there are also insurances, Builder's Risk and Flood.

I received an insurance quote that I was hoping to get some feedback on (first time shopping for rental property insurance).I figure there are unnecessary items on here increasing the price, but I could be wrong.