Others, including our family, pay significantly more for STR PM, too.

They'll be able to take the property information and get policy quotes from a few different companies so you can compare what is included in the coverage, the liability coverage, deductible, and monthly premium. 

A what if fund is just a little insurance fund you keep because “What if” your car breaks down, Get sick, major accident, renovation funds Ect…The money is tax free and since they owe so little if they take out cash and go back into a 30 year fixed it will more than likely be close to the same payment they have now.

Also, if you have an HOA just make sure, their specifications are also included. 

If I go buy a house as an investor right now using a rent to own model- there is no way the market rent would cover the nut- investors have had a hell of a time trying to even break even these past couple years.

The loan balance becomes higher because lender is including closing costs and escrows into the loan amount .

My thoughts were:-Purchase at $220,000 with subject-to financing-Pay the $6k to get mortgage current, then take over the existing mortgage/payments-Give seller 2nd lien position and pay them $500/month (100% go to principle balance on 2nd lien)This essentially becomes a break-even (or small loss) situation on monthly cash flow, but I own the property with $0 money down and get the benefits of depreciation.

Bikes break.

Oh yeah, between the huge jump in price & rates, you will probably go from making good cash flow to breaking even at best, and tbh it’s certainly an argument for keeping your current property, I’d probably look at how much I was making in cash flow, how much I was likley to be able to grow cash flow & how much appreciation I thought was likely, than do the same for a replacement property, see what each looked like 10 years out. 

Acquired over $5M in real estate - which includes the path of buying a duplex with my VA loan, a SFH 5 months later with a 1% down loan, a 4-plex with my VA loan 2 years later, built a custom dream home with an AirBnB suite, completed a horribly over budget BRRRR SFR, completed another SFR that went way over budget, sold my quad for a 4-unit office commercial space, sold my 4-plex for a luxury cabin in Oklahoma AND most recently bought a brand new home to use part time while visiting my girlfriend/future wife in Florida.All of this wouldn't have ever happened if my butt didn't get dumped.