Chase bank recently requested I add this into the listing agreement (LA) I have with the seller:  "SELLER MAY CANCEL THIS AGREEMENT PRIOR TO THE ENDING DATE OF THE LISTING PERIOD WITHOUT ADVANCE NOTICE TO THE BROKER, AND WITHOUT PAYMENT OF A COMMISSION OR ANY OTHER CONSIDERATION IF THE PROPERTY IS CONVEYED TO THE MORTGAGE INSURER OR THE MORTGAGE HOLDER.

Our total mortgage payment is $540/month (tax/insurance) and receive $900 rent.  

If buy and hold a tax deed property, would the title of the property be insurable after 7 years?  

in this scenario, the prior owner or bank would have risk of loss, and (assuming the bank carried an insurance policy) would be entitled to the insurance proceeds? 

Anyone have experience working with US National Title Insurance Company?

(insurance, property tax, HOA fees, maintenance expense, % vacancy, capital reserve, management fee (if any)?

My wife and I have very stable, well paying jobs in the Washington DC metro area, but we've made the decision we want to take charge of our financial futures instead of continually trading time for dollars like our families do. 

Maybe that was just a way high bid, but the maintenance and extra liability insurance ended up being cheaper over the near term, and since you may want to flip it eventually, it may be wise to keep it. 

Hello BP CommunityI was wondering if anyone can suggest a good landlord insurance in the Chicagoland area?

Hello BP CommunityI was wondering if anyone can suggest a good landlord insurance in the Chicagoland area?