I was told by a mortgage banker that this is due to an adjustment made to the Truth in Lending Act in October of 2009 preventing creditors from making higher than priced mortgaged loans. 

The area isn't one of those areas that people would want to vacation to and I personally am not able to handle something so management intensive. 

Homeowners facing property damage have turned to Adjusters International to help them rebuild their lives.

It's time intensive - so management fees should be high.3) Let me know if you're planning to hold on to the property.

Originally posted by @Devin ScottI do not have any experience with this; however I do know that, down the line if you would like to dispose of one of your properties you will need to know your adjusted basis in the property to calculate your tax obligations.Therefore, you will be able to go to that property's account, basically run down the line items, and calculate as you go.

Ok so here's the deal if you were buying it does it look good to you and how would you work the financing I would appreciate your input Rent roll.  70,380 and Rent is low for area maintenance management and vacancy 14,076 or 20% adjustable income 56, 304 utilities 593 a month equals 11,176 a yearTaxes 11,176 or 932 a monthWaterr 1, 944 or 162 a month sewer is included in the taxesInsurance 4,567 or 381 a monthtotal expenses 24, 800 or 2, 067 a monthNOI 31,505purchase price 370, 000Cap rate 8.5please tell me what your input is on this.

@Rob BelandGreat post with lots of meat on the bone to chew on, while contemplating which side of the fence fits the reader.In your case, clearly you are a landlord 1st and investor second and that is solidified by your occupation announcement on BP as well.Yes, the fact of the matter is that there are individuals who are really REI focused and are hiding behind the cloak of a landlord to sustain their income stream, while not servicing the tenants who are the lifeline of their business.Some are called slumlords and rightly so.My take is that you can wear both hats equally as a REI and landlord, but, landlording is more labor intensive as you know, than being a pseudo REI centric person or to put it another way, a money grabber who has no empathy for the source of funds generator......the tenant!

Like everyone else has mentioned, I use Safeco for my umbrella but had to adjust my own homeowners policy as well as both vehicles.

Interest Rate: 4.75% fixed for 60 months of initial amortization,NYP + 1.50%, adjusting every 5 years, thereafter;4.75% floor. 15 or 20 year amortizations.Loan Terms: 5/5 ARM with Principal and Interest payments due monthly.

That's not good enough for a capital intensive business such as real estate.