We live in a revters town.If I get these homes I am thinking I can do two things.One if course is to rent them out and from the rent save the taxes,insurance, cap ex, vacancies, and repairs included.

Hello BP,Recently my roof contractor met with an insurance adjuster for the claim that I initiated.

I currently am a partner in an insurance brokerage and have been in the insurance industry since 2005. 

For the two units water/sewer/trash if she pays it, will be around $150 ($75/unit) and property management will be around $150/month (if she doesn't have turnover) and insurance is $70 ($35/door) that leaves her 255/month for all maintenance/vacancies/and saving for capital expenses.Let's assume she has a stunningly low maintenance and vacancy rate of 5% per year combined for several years running so subtract another $100/month.

I would rather get a good insurance, and make a election for QJV.

Eventually building a team will be essential to your success- Lenders, RE Agents, Property Managers, Insurance Agent and then building your inner team if you decide to form an LLC or something- Money partner, Contractor, Etc.

@Paul FagotThere are several considerations that can go into the analysis of whether you need an LLC or whether a large insurance policy will suffice.

@Michael Pursell @Jonathan R McLaughlin is right about the liability, which made me think about homeowner's insurance.Be sure you talk to your insurance agent about whether an "unofficial rental unit" is covered or needs a different kind of policy.If there was some sort of claim, it wouldn't surprise me at all to see an insurance company deny the claim if it wasn't a legal, permitted ADU.

My question is, should I find the title insurance company or is that the buyers responsibility?

Texas  = high property tax  foundations and storms.FLA = medium prop tax  HIGH insurance.. check that.