If I'm keeping the property I've got insurance, taxes, maintenance, vacancies of another $300 a month.

Insurance Requirements. 1.

1083.00 lst mortage375.00 2nd mortage 12.00 garbage 15.00 sewer 60.00 house insurance 100.00 property tax1645.00 TOTALWe could probably rent this in NV for about $1200 a month.

So include things like maintenance, trash, insurance, utilities (if you pay them), etc.Then to calculate ROI you take your yearly net income and divide by your original purchase price.

How should I look to insure rehab properties ?

In a very ugly town. i bought 2 duplexes for around $57,000. each unit rents out for an average of $350 plus or minus $25-$50. high taxes and insurance but they still turn a profit. plus i could sell each home for $35,000.

What you need to do is get an umbrella insurance policy to protect your LLC.

You don't say if what you call "mortgage" includes taxes and insurance or if it's just P and I.

I understand that being a landlord isn't the easiest thing in the world but I *think* (remember I've never done this before) that the market will bear a rent ~$300/mo over the costs of mortgage, HE loan, maintenance and taxes and insurance.

My most recent job is reviewing Government FHA loans before they are sent to HUD for mortgage insurance.