They run about $210/month for $250k of coverage with a 3k deductible.I had a claim on my last property due to a hail storm, and they were ok to work with.

He is a full-out developer.If you have access to his deals, and you can ride his coattails, and learn from him that's an opportunity to take advantage of.

Once it reaches 80% ratio (80% goes to principal, only 20% goes to interest) I would let them ride to completion as you wouldn't save that much by paying them down - you'll be probably better served by saving that money and investing it in other properties.I posted a more detailed response to a slightly similar thread - what-are-you-doing-with-rental-income - read it for more info.But Michael, you are a financial adviser, shouldn't you already have the answer?

Found a 4plex for $85k some one is trying to get ride of how do I come up with the down payment if I don’t currently have the funds, but want to buy or a cheaper down payment than 25%

A standard (DP-1) policy basically covers wind/hail/and fire and not much else.In my experience, sewer backup is tough to find in a policy.  

Get thick skin and let it ride.

Link.I was riding my road bike from Cary to Holly Springs this past Saturday and as I crossed over Old HWY-1 and took a left on Woods Creek Rd it was new home developments, one after the other, all with signs up saying.

That was a ride!

Real estate is a wild ride, but I'm here to absorb your wisdom and turn challenges into opportunities.

I think they will try to ride out the previous terms as long as they can because $1500 is cheap for a 3 bedroom in my area.