Maintenance @ 5%: $696 Taxes: $527 Insurance: $500 Utility Expenses: $2,951 Total Expenses: $4,674 Net Operating Income: $6,460 Debt Service: $4,126 Pre-Tax Cash Flow: $2,334 Expenses/Unit: $1,558.00 Unit #1SF: 660Avg.

He said to have 500k of LL insurance on each property, and most important an UMBRELLA policy large enough to cover ALL assets.Chaz....

After reading kiyosaki i decided to learn as much as i could about REI. my family has never owned a house and it seems we moved yearly. so i am determined to provide a stable place to live for my future wife and family. it is to that end that i would like to learn about this wonderful market.

And I realize the bay area has pockets that are recovering, but I no longer want to live in California.I'm looking for more of a stable market where the first house doesn't take 6+ months to sell.

I always thought that if you hired a title attorney and they did a title search and felt comfortable that there was no cloud on the title, that you could then convey the property with a Warranty Deed and be able to get title insurance on it to boot.In my situation, prior to the house being foreclosed on there were only 2 previous owners since the house was built and in both cases these owners had Warranty Deeds.I find it hard to believe that a property can have a Warranty Deed on it for almost 50 years but the minute it is foreclosed on there seems to be some question surrounding the chain of ownership.Can anyone add some insight on this?

A friend of mine wanted to buy a condo in Destin but owners tell them they can't get insurance or it's too expensive.

The good news is that even during the current turbulance, there's gonna be some solid, stable areas.

I feel very fortunate to offer homebuyer services in a market with slim but stable growth.

Since property in TX has barely any appreciation, and low rents tied in with high homeowner's insurance and onerous property taxes, I don't consider it a hindrance.all cash

I know a land contract is different but but basically the tenant pays the insurance and makes the mortgage payment, gets the deductions and benefits of home ownership.