.$324,000 Total CostHolding Numbers:$2,100 Principle Interest Taxes Insurance$1,900 Rent from 4-bedroom SFH (with 7% vacancy this drops to $1,767)$1,300 Rent from myself in renovated 2-bedroom Carriage house$967 Profit with 7% vacancy on the 4-bedroom rentalThe garage could potentially rent for $300-800, but I'm not factoring it in because I'm not sure of how legal that is.This is my first purchase.

How would you do the insurance....etc?!?

Or worse, you're close to one repair, upgrade or insurance deductible away from negative cash flow.

Add on insurance, property taxes, and repairs (bound to be high), and the cost to the landlord should be in the range of $900-1000/month.

You are not required to explain it to them or discuss it.TREC 535.16(c):(c) A real estate licensee is obligated to provide a broker price opinion or comparative market analysis on a property when negotiating a listing or o?

Get you a good insurance policy is the best protection.Joe Gore

American Modern Insurance Group

What are ya thoughts on liability insurance?

I would talk to a professional but good umbrella/liability insurance should substantially reduce your risk if you purchase without an llc.

Then I got a call from an insurance rep just as my rehabbing was wrapping up on this second property.She asked if I would rent on a short term lease - this time 4 months.