Hi Ashish, I was just at the UofM-Carlson School on Monday for an event.

through a series of strange events I ended up flipping it to another investor for about 2 months wages in profit, within 2 weeks of buying it.

Let me know the best way to keep in touch for this event and others of this kind.

This way you are made whole in the event of a claim and it allows you to buy a policy at a lower rate while avoiding penalties for being underinsured.Every company and policy is different but this is an example of how diverse insurance is when it comes to investment properties.

You have to make a character judgement on the tenant and see if you think this was a one off type of event or if you think it will become a trend.

And will send you colleague requests like I did this morning.Look forward to meeting you at our Black Diamond event that Shaun mentioned, url in my signature.

If you do not understand all the wording it might be worth it to throw a hundred at an attorney to review in the morning with options incase the seller does not pull through.The contract usually spells out what will happen in the event of a default.

Welcome @Mat Canada - We are actually having a networking event in the burbs next week and then one in the city April 9th

Welcome @Adam G We are having a networking event April 9th from 6:30 pm - 9:30 pm at Celtic Crown in the upstairs bar.

All are going to have rates well above bank rates, HMLS will be double digits and that's rarely good for buy and hold.Yes DTI is always a factor on SFRs.