Factor in taxes, insurance, and reserves for maintenance and vacancy and that $200 "cash flow" disappears quickly.

Can give you referrals to agents, lenders, brokers, insurers, HML, etc.

The sooner I can get out of this cubicle the better.Now that I have summarized my situation let's look at the numbers...Purchase Price: $207,000Equity: $104,000Monthly rent: $1300Monthly expenses: $1229.54 (This includes P&I, taxes, Estimates for vacancy and repairs, insurance, & property management 10% ...

if you have title insurance then you have nothing to worry about.

ALL of the money from the rent needs to be going to the insurance, mortgage, and taxes until those are completely caught up.  

The title insurance rate is slightly lower but you typically end up paying higher fees on the other end.

In the loans/mortgages, what are you commonly requiring of your borrowers for insurance, personal guarantees, ect?

We recommend you to collect 1 year's pre-paid insurance, 2 month taxes & ins reserves, and include the monthly servicing fee in the monthly payment amount.Also, if your buyer speaks another language, it is also important that they sign a translation letter of the documents provided.I am an owner finance specialist and I am here to help answer any additonal seller finance questions you may have.

Would the insurance be much higher?

The tub was the type that also had the side walls as one entire piece so along with the tub that was cut out was the walls as well.I contacted the home insurance and was later told that they were unable to cover any costs associated with the replacement because it was considered "over a period of time damage" and not sudden.I was well aware of how to demo all of the old tub and to clear out the area but after that my youtube education began.