The actual federal RESPA laws that govern closing procedures actually state that the buyer is entitled to pick whatever title company they want since they will be living under the title insurance, but most people don't even know that or care.

What steps must be taken to insure the claimant has grounds to push for forclosure on a cash job?

Points are based on borrower’s credit score and experience.Closing Costs:Costs incurred to close the transaction, including lender’s legal fee, title insurance, recording costs, etc, will be paid by borrower, however, these costs can be rolled into the loan balance.Rehab Funds:Rehab funds are released in a series of draws as work is completed.

Does it also include your holding costs (mortgage payments, taxes, insurance, utilities, etc)?

6 - What insurance companies should I network with?

Can anyone tell me why insurance rates on income property is sooo high in Texas?

The $900 rent covers the 5.3% interest rate I pay for my mortgage, the $360 monthly maintenance fee, plus RP tax and insurance.

They only costs they have are for utilities (Electric, Gas, Water, Sewage) and Insurance for month.

You will also need enough cash reserves to carry the mortgage payment, insurance, and possible taxes for the entire time period of fixing up the property and selling it.

I found a 4plex.Roughly, it would have a 1,000 or so per month mortgage/taxes/insurance, plus we'd pay water/sewer/trash.