Value of the property minus the land value divided by 27.5 equals your annual depreciation.  

I have perused a number of investment agreements which seem to be structured the way I described with a 36 month term, sometimes paid quarterly, though more frequently on an annual basis, but sometimes not until the end of the term.

Plus the upfront mortgage insurance premium and annual mortgage insurance premium can be pretty high compared to other conventional financing routes. 

Currently out of school, my first year working and would be making between $50-60k annually, I have no debt, and 740 credit score.

We shared the annual electricity costs and the cost of service calls which became more frequent over the 60+ years of the well's life. 

Annual income is currently $78,300. 

@Scott Wolf,Don’t forget, we have weird politicians here that thought (and still think) stopping 25,000 new jobs coming to NYC was somehow a bad thing...lol

I would say consider your monthly cash flow on any investment plus the annual interest expense on the student loan before you consider doing anything.

If they get a quote of $500 from Company A can they charge us/the consumer $600 and pocket the annual $100 difference? 

I might have found one , but the price is about $1000 more annually than my current insurance.