The DOM for updated homes is actually quite low, fewer than two weeks. 

He is currently paying $600/mo which is quite a bit lower than what i could receive, however he is a permanent tennant and is basically guarantee to pay every month with no hassles.

I have found many insurance agents don't quite understand flood insurance, only shop one option either government or private flood  and are writing policies incorrectly (I offer a free review of anyone's policy) I just want to make sure everyone that needs flood is covered as best they can so when they GOD forbid have to file a claim they don't discover that the policy was not exactly what they thought they had. 

I won't allow personal checks because it can take up to 10 days before I find out the check bounced.When I hit a tenant with a 3-day Pay or Quit, I serve it through the Sheriff and it costs $50.

I'd like to see how you are doing that as I haven't seen the 1% rule in quite a few years.

As I've come to learn, in the world of real estate, closing delays does happen quite a bit.

I do have a great full time job that pays me exceptionally well and am not looking to quit my job, just start generating passive income.

And as you all know, your first time can be quite scary. :)Looking for your input on if I should move forward.

So not quite sure how’s best to balance cash flow and good use of equity.

So ... if they're saying they'll sign a quit claim deed, is it also correct to assume that you don't have a title company doing the title work for you then issuing title insurance?