I'm a wholesaler focusing on Columbia and Charleston and I have an attorney in Charleston but I needed one in Columbia and Rich's firm is very investor friendly.

Hi @Jonathan Yi, just a quick tip about getting work done on a Condo:  Check what the association requires in terms of insurance from the contractors.

I own an insurance and financial practice and could not justify the cost of the license, time required, legal concerns with REI, and overall cost.

I got fined on that one .to get the license you need a bond and insurance..  

Pretty much standard windstorm insurance is about 5% so that would be about 20K. 

Overall, they are giving me 15 days to close.Service link is offering title insurance, but I am getting the following phrases from Hudson and Marshall.."

College town properties often require investors to budget for higher insurance and repair costs.

Any idea about insurance?

But I think I would rather be in, increase rents increase value then get back out before any major work needs done.It would cash flow positive as it sits after mortgage, taxes and insurance.

If I'm using traditional model for 1-3 units and outsourcing management at 10%, after collecting rent (let's say $1,000 per month per unit), mortgage, taxes, insurance, vacancy, maintenance and management, I should be able to cash flow around $300 depending on taxes at 100% occupancy.