Here's how some of my tenants handle this...When a light bulb burns out, they don't replace it.I'm not kidding. 

Sadly in this case they got burned badly!

And it didn't instill confidence that the inspector noted some burned wiring in the attic.I spent the last couple of days of the option period trying to figure out how to save the deal.

@Gary MillerYou have gotten some great advice here on the important items for making sure you don’t get burned and have a smoother process.

Even had a wood burning stove that winter for heat!

Truthfully, if the business discription starts to sound "fishy" many agents will tell you they dont write that business when they actually do because they dont want to be "tricked" and then possibly lose a contract with the insurance company.If it were me I would try Burns and Wilcox or an MGA like that.

So I applied the 60% rule (the 50% rule with my twist for turn keys as I want to make sure I do not get burned). $1,950 * .6 = $1,170 Leaving $780 for mortgage payments.

At 47 years old with $125k burning a hole in my pocket, I can't spend it!

In your case, you're burning $3900/month in rent.

You will analyze dozens of homes that you won't end up buying and will quickly burn out a realtor, so it's better to just do it yourself.