Right now I have USAA for all my insurances including my rental property.

You might consider recording a memorandum of contract, it clouds title, making it highly unlikely any title company will insure the new buyer's title without dealing with you first.

More than likely you'll only see about half of the net that they stated....if you had a mortgage on it you'd probably end up in the red every month.My guess is they took the standard rent - taxes -insurance = profit sucker formula.

Here are my questions: Has anyone out there been sued that has their property in their personal name and didn’t have their insurance cover the attorney fees and/or any judgement?

They will not be insured of course etc. like the eviction crew should be.

These include, but are not necessarily limited to Origination Fees, Bank Fees, Attorney Fees, Title Insurance, Recording Fees, Hazard Insurance, Property Taxes, Transfer Taxes, Commissions, Home Warranties and Utilities.

They would fund 70% arv I would need to pay 4 points, origination fee, closing cost and 1 year of Insurance up front. they do a 1 year term and I would need 6 mo. to refi into a traditional loan, then I would have to pay origination fees all over again with the traditional lender.

Ashley is a local real estate agent here in Central Florida and I work as an underwriter for an insurance company, so neither of us are full time investors…yet.

Income is $45,600/YearExpenses is $24,680(Taxes, Insurance, Utilities, reserves for vacancies and repair)So NOI is $20,920.After Mortgage is paid I have a seamingly attractive Cash Flow of $355, that's $177.45 per door!!

Let’s Go to the Numbers I can provide more detail if necessary 10 Year Future Projections Mortgage Payment226,943.45based on current monthly paymentsRepairs78,000.00Based on projected work (today $)Annual Expenses54,700.00Based on current yearly expenses (taxes insurance included in this)Total Expenses359,643.45Project Rent259,440.00Based on current rent (no increase) (6% vacancy)Total Mess:-100,203.45I will be negative10 Year PastMortgage Payment207,600.00Not actual but closeRepairs24,000.00Not actual but very closeAnnual Expenses56,400.00Based on past year so may be a little lessTotal Expenses288,000.00 Rent117,300.00Not actual but very closeTotal Mess- 170,700.00What I already have into this place