Feels like a good deal (nice lower income neighborhood, bike paths, parks, 10 minutes from personal residence ) but the AC and roof may not have too much life left.Based on my analysis, I think the FMV for a 2/1 like this is closer to 35k.Inspection in a couple days - planning on asking for $3-5k back at closing to a) mitigate risk of roof/hvac replacement and b) bring purchase price closer to FMV.Is a deal like this worth walking away from if I don't get a concession post-inspection?

For a lot of us, our end goal in life is Financial Freedom.

Those would all be upper middle class properties with access to a lot of night life and high income tenants, and the cost to buy for the most part would be a lot less.Best of luck to you!!!

Can someone give me commercial insurance provider company name?

Several of us on this thread are no doubt picturing a very confused expression on a low-life's face who was expecting 90 days of rent free living. 

Some states will also require your Capital Reserves to cover Property Insurance Premiums, for 12 months.

This income will be added to your regualar w2 or business income to determine your total debt to income ratio (DTI) against your debts and monthly mortgage costs.To calculate your net rental income, your total rents collected for the year are added to deductible expenses (taxes,insurance, interest, depreciation).

When I Joined my local REIA about six or seven years ago, it changed my investing life.

The toughest part would be insurance and tax rates but those you can get close enough through searching, at least close enough to do some quick number crunching.

Be patient, but one SFH is not life changing.