Also, this would be regulated mostly at the local level except for banking/insurance/etc, no?

I am closing on an 8 unit residential property in Passaic, NJ and i'm looking for insurance quotes.

Rented at $1600/mthHouse cost $215kFixed cost are PM, HOA, INSURANCE AND TAX = 160+13+50+230=$453Current mortgage rates are my struggle. 

I would appreciate your advice about  the correct numbers to use when estimating closing costs while running the numbers for our next purchase.This is an example of the closing costs for a rental that we purchased for $105,000.Loan Charges:  Origination & prepaid  interest:  $1,000Title Charges & Escrow/Settelment:  $1,600Impound Charges:  Tax & Insurance:  $1,500Total:  $4,100Which of the charges should be entered into the closing cost field?  

One of my friends is an attorney who said that he would waive the attorney fee and can do the title insurance on it.We were just notified by the bank's property solutions company that "per the bank addendum, the seller will pay for the title insurance policy up to the sales price if the buyer uses their office for closing."

Also, the seller may require specific types of insurance to protect themselves but ultimately another bit of YOUR leverage should be that he will have the opportunity to foreclose on you if you don't meet your end of the deal.  

Monthly Costs:HOA:  $150Taxes: $38Insurance:  $15 to $20 (HOA fee includes a blanket insurance policy).

If you'll be managing the property yourself, you don't need to do thisSet up a property insurance policy for this propertyReview the title search done by the escrow company.

I paid $88,000 for one property (20% down, 15 Year 4.125% fixed is $527 (Mortgage & Interest) + Impounds of $475 (Taxes & Insurance) + $ 129 Property Mgmt = Total $1,131. 

Most people would jump at the opportunity to rid themselves of debt.You are allowed to add monies above X on the payoff demand if that money was spend on things related to the X deed of trust...taxes, insurance, property maintenance.