Plus, there will be times when they want to tell you their entire life story as to why they are looking to rent and why they need YOUR rental unit.

Although I disagree with that reasoning, I think there is some merit to her arguments as I tend to have a lot of free time that I could be taking action rather than  just talking and dreaming about the life I want.

(mitigated by insurance)4) Irregularly high vacancy rates5) Requirements for a capex infusion...new roofs etc.Thanks in advance!

As I'm preparing for this, I'm wondering what advice people have on home insurance--best companies they've found, or things I should be sure to note when I'm comparing plans?

Count you blessings, dont try to hold onto every dollaras you move to your next stage in life, and pick something you will feel good about!

., figure out their typical useful life, and determine how much should be set aside each year based on the current replacement cost.  

Then the market sprang to life, 10 years later, went up to $100K again, I sold and did ok.But the roof was the original roof from the high school, and naturally no one checked the roof.

Here's the numbers:Single family house in NE San Antonio. 1,456 square feet, 3 bed 2.5 bathPurchase price: $105,000Rehab; $20,000Hard money loan: $112,500Cash out of pocket (From HUD stmt):$12,500 (down payment)$2,250 (points)$385 (lender fees)$892.50 (title fees)$1,320 (insurance)-$2,001.34 (credit for unpaid taxes)Total: $15,346.16Actual rehab cost: $19,678.12Hold time until rehab and refinance complete: 98 daysInterest expense: $3,020.55Refinance loan terms: 30 year adjustable rate mortgage at 5.75% interest fixed for 5 years at 85% LTV and 1 point.Appraised value: $164,500Cash-out refi amount: $139,825Cash back in my pocket after lender fees, title fees, down payment, interest expense, insurance, etc are all accounted for: $5,389.50Now the place is rented for $1,200 a month and I figure I'll pocket about $200-$300 a month after expenses and mortgage payments and in the end, no money tied up in the deal!

I am looking at purchasing a 2 family property, and was wondering if there was a way to avoid mortgage insurance if I put 10% down.

We are currently under contract to purchase a group of duplexes and I am researching our insurance options.