With the oil boom and rapid rise in population over the past 6 months I would guess its a good time but I don't want to assume that.

A vacant dwelling policy will cost more and cover less.You said the place is a townhome so I assume there is some Master Insurance in place, which for purposes of your dwelling policy is a good thing.You need to see what your HOA covers in the bylaws to figure out exactly what you need to get insurance on.

How long before I can assume the offer wasn't taking seriously, and that they have no intention of responding?

Assuming the "move on and learn" goes without saying, here's my two cents:I have a "holding deposit" form which takes money and calls it a "holding deposit" and also has clear language on what that deposit will become once lease is signed. (1st month's rent).

If market value is <60k, assume 1% of MV per year, if <100k assume .75%, if >100k assume .5%, if you're just insuring for cash value rather than full replacement cost.

We are assuming 10% vacancy and $600 rents till we can actually see the rent roll and also including is a reserve for large capital(roof/painting/paving).

Hi Kenny,No clue on who to use locally.I am assuming when you say collect that you have judgments on all these former tenants??

Now, using the 50% rule again, and assuming a rental price of $625 per month, you, you are left with around $90 or so per month for cash flow.

I'm assuming you've been listening to the Podcasts?

In the mean time they would as he said it assume the mortgage.