The main issue I think you are going to have if you move forward with this property is the only insurer that will take a property that has had a recent loss is the (National Flood Insurance Program) NFIP or government program (What is the NFIP?). 

Show license, insurance.

Not a good reputation in this industry.

We have keynote speakers, panels, and breakout sessions so you can connect with industry experts one on one.

@Jacob Breazile - Make sure to account for the following expenses:1) Mortgage2) Mortgage insurance (PMI or MIP) or FHA Risk base3) Property Taxes4) City Taxes5) HOA (Home Owner’s Association) Dues and Fees and Assessments6) Insurance Property Hazard InsuranceFlood InsuranceEarthquake InsuranceUmbrella Insurance7) Vacancy Rate (usually 8% - the equivalent to one month a year, or 5-6% if multifamily and/or if experienced, if not use 8%)8) Utilities (you’ll have these if your tenant is not covering them and/or during vacancy) Water § Sewer § GarbageElectricityNatural GasPropane9) General Maintenance (usually 5%) Upkeep § LandscapingSnow removalRepairsNew Appliances10) Capital Expenditures (usually 5%, higher is the property is old and obsolete, less if fully rehabbed and all mechanicals and roof are new)11) Property Management (8%, even if you self manage, your time still has value and there might be a time when you'll want to be completely hands off or you'll not be able to do it, vacation, retirement, etc.)

For low income neighborhoods, I prefer SEC 8 which is essentially an insurance program for the landlord that ensures they will get the rent, even if the tenant loses their job.

Good morning BP, Looking for different examples and advice as to how property managers handle the payments of taxes/insurance/utilities for property owners?

there is a loan disclosure at the bottom of the CD that reads escrow account: $5277.03 says right next to it estimated total amount over 1 year escrowed property cost:Property taxes, homeowners insurance. mortgage insurance.

@Joe Garvin 73% is great...what are the lodging taxes like in your area.My wife and I are doing a mixed use project and building in 3 suites to be used as BnB...my expectation was 30% occupancy...which seems more in alignment with the BnB industry...is the high occupancy normal for you guys? 

I hope to use my spare time to do unpaid work or otherwise to shadow an industry professional.Any advice would be greatly appreciated!