Expense are quite low: $2000 year taxes, $600 insurance, $700 street lights, $3000 vacancy/lost rent, $1000 upgrading UTL & gravel/pavement per year = $7,300/year expenses.

I’ve never run into an insurance company who’s inspection would turn up a specific panel.

Is there a contract we should use to insure he moves when he says he will?

We want to get title insurance and told him that we would get our own title company for the closing.

If, however, I'm able to have the seller pay for my 1st year's mortgage taxes and insurance, I should be in the clear.

Obviously there will be a difference in cost to do the plumbing for a casual dining restaurant and an insurance office

Obviously there will be a difference in cost to do the plumbing for a casual dining restaurant and an insurance office.

.: $112,927 so loan total is $328,125 @ 5.125% = $2,076/moRents are $1,425 and $1,450 (soon to be $1,500) for a total of $2,925/mo and tennants pay all utilitiesProperty tax $1,358/yrSo taking into account 8% vacancy, $1000/yr maintenance, property tax, insurance costs, and no prop mgmt, I'm projecting around $600/mo in cash flow.  

Hi @Jonathan Yi, just a quick tip about getting work done on a Condo:  Check what the association requires in terms of insurance from the contractors.

I own an insurance and financial practice and could not justify the cost of the license, time required, legal concerns with REI, and overall cost.