Hi @Ryan Evans,I have 109 front doors in mostly suburbs of Cleveland, including a 24 unit I am closing on soon in Akron. 

I'd recommend including pictures with the letter. 

Are you saying the liability portion of your insurance costs you $500 a year or the entire premium is $500 and includes $180k in property insurance?  

What's included in your rehab budget?

I’ve got the age old question of whether we should sell our townhome or keep it and make it our first rental.This is my first post on BiggerPockets so please let me know if I have left out any information that may be helpful in the analysis.Single Family TownhomeBuilt: 2001Purchase Date: 2008Purchase Price: $270,000Property Tax: $5700/yearHOA: $125/monthWater/Sewer: $1320/year (Must be paid to county by home owner)Insurance: $800/yearMaintenance Costs: $400/year Other planned future costs: Roof (in about 5 years, ~$5000), water heater (in 7 years, ~$1300 including labor), water softener (in 5 years, $500)Current Mortgage (Refinanced in 2012)Term: 15Rate: 3.375%Principal: $140,000Market Value: $230,000 (Upstate NY market with minimal appreciation expected)Rental: $2000/month ($2200 possible but I want to be conservative)I was also considering refinancing to a 30 year mortgage to help with cash flow but I’m not sure if it is worth the $4000-5000 in closing costs to refinance.Normally I would not consider this a good rental property because of the low/negative cash flow.

This number does not include other returns like appreciation, principal payments by tenants and tax write offs.

For example, if default loan amount is 100K, how much will the legal fee also include any cost generate by this?

We would really need to know your full financial picture including interest rates to advise properly.You may want to consider asking here for an alternate viewpoint: https://www.reddit.com/r/personalfinance

I've not pulled the trigger as yet myself, as I have no idea if rehab project management is included.

The debt includes student loans and car payments of both me and my husband.