Property/Deal Profile General Guidelines Purchase Price 700,000 1 Percent Rule (%) 0.857142857 Down Payment (%) 3.50% 50 Percent Rule 3000 Down Payment ($) 24500 Cap Rate 8.214857143 Interest 4% Cash-on-Cash Return 26.73744578 Term (years) 30 Loan amount 687,321 Income Cash Flow Rental Income 1 2500 Total Monthly Income 6000 Rental Income 2 3500 Total Monthly Expenses 5075.33 Laundry Income Storage Income Misc Income Total Monthly Cash Flow 924.67 Total Monthly Income 6,000 Total Annual Cash Flow 11096.04 Expenses Cash-on-Cash Return Taxes 750 Down Payment 24500 Insurance 58 Closing Costs 0 Water/Sewer Rehab Budget 30000 Garbage Misc Other -13000 Electric Gas Total Investment 41500 HOA Fees Lawn/Snow Vacancy 200 Repairs 200 CapEx Property Mgmt.

You need to make sure that your first rental the rent covers: mortgage, insurance, percentage of repairs, percentage of vacancy, percentage of property manager (optional), taxes etc.   

Hello,I'm under contract on a multi-family property in Mesa and need to get my insurance lined up.

He says it’s mandatory that I show him taxes paid and insurance on the property.

Non-required, cheap insurance is worth having. 

I advise them on how to build credit or direct them to Insurent and help them with other options, but respectfully tell them I won't show them the apt if they know from the start they wouldn't qualify for it.In Brooklyn we say: "credit is king!".

All of those things insure a strong market and growth.

I was wondering if there is a way for me to pay homeowners insurance as if it is 1 four family home, rather than 2 separate homes.

Granted this often covers roof repairs, exterior insurance, lawn care, sewer and some other expenses.

The only bills the owner has is taxes/insurance, as well as property management/maintenance.My question is how to evaluate this deal; Do I base the value solely on the lots, or do I include the entire $500 which includes lot & trailer rent?