I am having the toughest time finding someone to insure it.

In addition, as long as the investor has adequate insurance for liability protection, why would it surprise anyone that a CPA would suggest holding a property personally?

., price + rehab = 70% of ARV), they certainly won't make anywhere near $80K profit.Assume they get a hard money loan for the $140K and hold for six months.They pay purchase closing costs around $2500.They pay the $20K for rehab.They pay about 10% of the loan in money costs, $14KThey pay insurance, utilities, and whatever else in holding costs, $3K (try pricing a vacant house or builders risk policy.)

The further away the property is the more it cost you in auto expenses (travel to and from the property).

Get landlord insurance to cover yourself, but also leave the existing insurance in place.

She told our landlord she had to pay for emergency dental surgery and follow up care because she had no insurance.

But absolutely no money down would be a no, unless you talked the seller into paying all the closing costs also.Attorney fees; title check; title insurance; taxes; in my area the total closing costs usually run about 2%.

-vacancy rate-maintenance-utilities-property mgt-other-property tax-insurance

Wall Street can't fail; insurance companies can't fail; the auto industry can't fail; irresponsible homeowners can't fail; and soon even those that wrecklessly ran up their credit cards will be bailed out!!!

Based on the policies I've worked with, a child leaving a bathtub overflowing should have been an insurable cause of lause and I've always seen mitigation covered as part of the insurance claim.