Meghan,I insure several 2 unit Condo Associations.  

Principle reduction is not in your pocket.So when you figure cash flow it should be income minus expenses (vacancy, insurance taxes, maintenance, management) minus debt payments (both principle and interest).And for your ROE after refinance, you are saying that your remaining equity is $66K after refinancing, right?

Do know it's unlikely that you'll be getting any title insurance buying this way, and some liens may follow the auction such as municipal bills (water/sewer/garbage).

Just wondering for non-performing note investors, does your servicer send the 45/30/15 day forced place insurance letters or do they have you do it?

Her insurance company picked up the tab for a safety check on the oven.

It's not a bad job, it pays the bills and provides pretty good healthcare insurance but it's not my passion.

But with rising CLI (cost of living index), property taxes and insurance, I have fallen behind the FMR (Fair Market Rent). 

It looks like my condo assoc. has wind insurance. 

An LLC or a corporation can be an expensive endeavor that may not be necessary and you may be able to use a good umbrella insurance policy. 

Hi everyone - recently purchased several multi-family 8+ units and a commercial office space and insurance carrier says that fire extinguishers need to be installed throughout and inspected annually.