Property #22-unit Property in Queens, NYEach unit is a 2br/1baAnticipated gross rents: $3.6k/moOperating expenses (per month):- Vacancy: $180- Repairs/Maintenance: $70- Taxes: $295- Insurance: $135- Property Management: $180 (did this at 5% of gross rents because I can manage the property myself but I’d like to set aside a portion in case it makes sense to transition to management).

For example if I were looking at a property, I know I want to make $100 per door minimum in net income after all expenses including insurance, taxes, capex, maintenance, utilities, vacancy etc. 

I am paying cash so no lien holder but I still want to insure the property.

According to my insurance agent, the only additional insurance requirements from a “normal” four-plex is taking into account flood risk / insurance - no other liability concerns.I’ve never owned water front property myself, let alone rental property on a lake.

The HML is requiring that I have at closing an insurance policy paid for one year, but I am having a hard time finding providers that will insure a place going from rehab (vacant) to occupied all in the same year.

Here are some details:Mortgage owed upon inheritance - $50,000Buy-out my brother - $45,000Renovations - $20,000Total Cost - $115,000 (I took out a home equity loan as the property was worth $215,000)Total Rents - $1,575Total Expenses - $1,400 (Mortgage, Insurance, Taxes, Property Manager, Cap Ex, Maintenance, Vacancy)Net Income/Month - $175Good deal for me!

., title insurance you buy for the buyer. 

So, if I refinance at $350,000 (which is at the bottom of what I think it is worth, at 4.5% interest rate at a 70/30 LTV, $6,000 in taxes, and $2,500 in insurance, the mortgage payment is $1,950/mo and the property currently leases out at $3,550/mo. 

Despite all of this, she will still be the sole employee of her S-Corp and we are finding out that even though she is exempt from CA withholding and CA taxes, unemployment insurance, and disability insurance, that she still has to create an account with CA and file quarterly and annual tax forms.  

These are conventional loans that allow 3% down (5% for multi-family), and don't require mortgage insurance for the entirety of the loan like an FHA would.I'd like to get some feedback on these different loan types, as I haven't seen them discussed much on BP.