Taxes 7%Insurance 9%Xtra Flood Insurance 9%Vacancies 5%PM 10%CapEX 5%Repairs Tenant Damage 5%From total purchase price:Down Payment is set at 25%Closing cost is set at 1%Rehab Budget 1%Are my percentages on the conservative side?  

I would label that a failure.For me & my area: A = prime zone, wealthy housing, white collar and high upper middle class blue collar.

Initial Escrow Payment at ClosingHomeowner's Insurance $30.00 per month for 3 mo. $90Mortgage Insurance per month for mo.Property Taxes $160.14 per month for 5 mo. $801H.

With the home being "underwater" in both respects, why would a homeowner want to make their mortgage payment if they can't get their insurer to cover the repairs.

The seller knows I do not have a down payment.

Hey BP,Back again with another situation that i need some guidance through.I have a young lady that is behind on her payments buy about 10 months with owner financing.  

Im in the process of raising capital for down payment and holding costs.

The property belongs to the one who holds title to it and is not officially responsible for the payments since the loan is not in his name.

In speaking with our realtor it looks like we could still close with the acceptance of the rental and not have to make a mortgage payment for two months.  

Do you have the down payment shown or are you doing an exercise to get up to speed and learn?