As an investor, there is a lot of potential for growth, and as I see philly development sky-rocket, I firmly believe holds will generate a good profit in the long run! 

How much of a discount is an actuarial calculation, like a life insurance policy.  

Current tenants pay $600 and $550 and the mortgage would run $700 including taxes and insurance.

Perhaps I can borrow against my variable life insurance policy at a sub-10% rate. 

Hello,  A GC partner and I are working on a proforma to determine costs for a potential rehab project of a historic building and targeting 25 units in MA.Can someone help me understand what kind of insurance we need to purchase, how much it will likely cost, and recommend potential insurance companies to work with for this type of project?

I can put you in contact with our owner who deals specifically with investors and has a firm grasp of the area. 

A condo would be a different story though.In any case, it seems like a great deal...have you accounted for maintenance, vacancy, property tax, insurance and management?

My insurance is 300/300 to conform to my umbrella policy so yours should be same or less.

My mortgage is 2,000 including insurance, taxes.

I found a good deal that I can move on, and would like to approach the home owner prior to the auction and possibly make them some money as well.I Found the owner, the tax information, searched the property, done comps(well working them now) and in a few days I'll do a complete Title History and Chain of Title and if necessary buy Title Insurance.