Taxes, Insurance, HOA, P&I.

When this happens it makes sense, but this is not the norm.this is old news but I think read an article I forbes about the FLA tax liens and that insurance companies etc were happy with 5% so they bid everything down.. and placed large blocks of what they felt was secure money at better than CD rates.. ?? 

I'm using Eerie Insurance. 

Let's say you buy with FHA 3.5% down and pay $500/mo in mortgage insurance, a few years have passed, and now you have 20% equity.

You can do a simple web search to find brokerage firms that will hang your license for a flat fee verse a % of every sale/purchase but you won't get much assistance from them and I am not sure exactly how "legal" all that is.Other things to consider, 1) there is a fee to have access to and be able to list on the MLS, 2) I think the state requires you to carry or it would be a very good idea to carry Errors and Omissions insurance commonly called E&O insurance 3) if you plan to tour properties, you will need to get those electronic keys that agents have and I am guessing there is an annual fee associated with that.Those are the big ones I can think of off the top of my head.

Based on price of 1.75M with rents at 12k, highly unlikely you can get 5 CAP even with a near new building considering property tax, insurance, utilities, vacancies, property management, etc. 

You did not include Insurance.6.  

I’m looking for recommendations for insurance companies/agents and policies to provide a quote for 4 plex in Grand Rapids.

Landlords must be very hands on to insure issues are reported early and that the tenant is respecting all community regulations.

Do you get a Landlord Insurance Policy IN PLACE OF a Homeowner's Policy, or do you get both?