Of the top of my head there will be charges by the title company, an appraisal, lender fees...anything else?

Get insurance asap now that you have the property.

  $30K in gross annual rents before taxes, insurance, maintenance and vacancy allowance on a $600K asset is probably going to net you less than 2% annual return. 

Hi - I have a couple of SFH in Tucson, AZ and am looking to shop for better rates for the home owner's rental insurance.

And of course since I was thinking real estate I screwed up and put commercial real estate adjuster instead of commercial insurance adjuster. 

A couple questions I brought up was how can we protect it for them loosing to insurance companies or medical (nursing home) with declining health?

(a) If a condition results from an insured casualty loss, such as fire, smoke, hail, explosion, or a similar cause, the period for repair does not begin until the landlord receives the insurance proceeds.

My concern is with vetting the title company and wiring process, not with the deal itself. 

This ended up costing around $25,000 (not including loss of rent during this time).The painful part of this is that at least as of right now, his insurance is saying this is not covered as part of his policy.

In a PUD project, it holds title to the common elements.homeowner's insuranceAn insurance policy that combines personal liability insurance and hazard insurance coverage for a dwelling and its contents.homeowner's warrantyA type of insurance often purchased by homebuyers that will cover repairs to certain items, such as heating or air conditioning, should they break down within the coverage period.