I am purchasing a fire/dwelling insurance policy to cover myself incase of loss.

There is quite a lot of money expended out for things like water, taxes, insurance, repairs, overhead, upkeep, mortgage, etc. that all comes out of the monthly rents.

lastly - even though this deal includes a warranty deed - i attached addition to contract stating clear title and title insurance would be absolutely necessary... - did i over do it?

On top of insurance, Florida mortgage payments and property taxes, and a flood of new luxury hotels, will keep rates too low to make the units profitable.

Involves 2 title insurances along with some other duplicate fees.

The previous owner was paying 2000.00 a year to much for insurance so that brought their cap rate down.

And a simple owner's and mortgagee's title policy will doubly insure that the wholesaler has the AUTHORIZATION to sell it.Either way if someone is looking to wholesale properties, they need to find investor buyers that use cash, commercial loans, lines of credit, or hard money.

It also covers all my internet, phone, fax, copy, E&O insurance and misc costs.

Another thought - are you counting taxes, insurance and maintenance in your monthly figure?

Most lenders require 6 months mortgage, insurance and taxes.