She is willing to sell it for what she owes.Numbers on the deal-95k 1st mortgage @3.875% ($890/mo) - her insurance is $2440/yr ($203/mo)- I was quoted at $650/yr ($54/mo)- her escrow shortage was $896, but if paid in full, her 1st mtg payment is $815/mo-10k 2nd mortgage @14.9% ($217/mo)-35-45k estimated repairs (I would do some work myself to get the cost down lower than 35k)-ARV is around 160-165k-Rent market ~ $1200/moMy thoughtsIf I paid off the 2nd mortgage (10k) and got a better insurance, the new mortgage would be around $613/mo.

I told them I would have to talk to my insurance and get back to them. 

Mortgage, insurance and taxes amount to 2000 dollars and we rent it for 1850 minus the 150 a month for property management. 

All subs are correctly licensed and insured.3.

I have a 3 br/3 bath unit that we just renovated and have listed up for rent...have had a TON of interest with 8 applications even before the first open house.I just got a contact from a company that does placements for an insurance company ....they place clients that have been displaced due to damage to their homes.

Better off hiring a company that keeps records & invoices and has insurance.

Are you sure that Insurance on a new build investment triplex will only cost $86/m?

With triple net, the tenant pays the taxes, repairs, and insurance, i.e. everything.3.

Just had to provide deed to prove I owned property, proof of insurance, and get an appraisal (which I got through the bank.) 

Anecdotal experience says most problems have arisen when the Insurance sends a insurance policy to Lender with a new owner named as the Insured.