Don't forget to get estoppel certificates before closing.

I obtained an estimate to replace all of the previous items and it will cost roughly $18,000.

The numbers work, however the sellers are cryptic in their responses and have a situation where the (they say) the town is allowing them to transfer the liens when one of the main terms is that a sale will trigger payback of the liens working 15 years of obtaining the liens (which they are).  

@Carlos Rosas You mention "Tax Lien" investing, but I see from your other posts you are looking to obtain properties for fix and flip.

If there was equity, the heirs would likely sell the property to satisfy the loan and then obtain the equity.  

For the sake of the rest of the post I will refer to it as a CFD.The tenant/borrower can obtain an insurance policy which will look similar to a renters policy.

You'd need to become and agent to obtain access, or hire an agent to work for you on the purchase.

I've been inspired by several amazing real estate investors and want to obtain financial freedom for my family.

@Joseph Baldini,My goal initially is to start collecting houses to obtain cash flow and equity.

I am in the process of obtaining landlord insurance for 2 properties:1. 2300 sq. ft. home with 3 car garage and in-ground pool worth ~ 560K2. 504 sq. ft. condo in La La Jolla worth ~ 285K I am getting suggestions on coverage by property value but I think it should be square feet because the condo is worth about 285K and 5 miles away would be worth half that.