I've found an insurance broker I really like.So he has been running numbers for me on this new property.

I also carry PULP insurance of $3,000,000 for inside assest protection.

Hello BPI have a question about Commercial Mortgage Insurance.

My real estate agent told me that my property in my neighborhood could rent for 1500-1750 a month and my current mortgage is 1200 a month with insurance and taxes.

The LLC will afford some liability protection but you should also look to a good insurance policy to carry the brunt of that protection.

Most typical would be to create a NNN ("triple net") lease where he would still be responsible for all maintenance, taxes, insurance, ect.

If it's above my level of ability to repair then I have a list of individuals who are reasonable priced and licensed and insured. 

Taxes are $500 a year and insurance would be cheap for me.Here are the numbers :14% Cap RateTotal Monthly Income: $375.00x50% for Expenses: $187.50Monthly Payment/Interest Payment: $134.90Total Monthly Cashflow using 50% Rule: $52.60One benefit is this house is two blocks from my house, and is in really good condition.What does everyone think about this deal?

I'm going to identify a homeowners insurance company to my lender in the next day or two.

The definition of Other non-interest income is:All non interest income of the bank not required to be reported elsewhere, including (but exclusive to):1.Income and fees from the rental of safe deposit boxes;2.Income and fees from the sale of checks, money orders, cashiers' checks, and travelers' checks; 3.Income and fees from the use of the bank's ATMs;4.Income from performing data processing services for others;5.Earnings on or other increases in the value of the cash surrender value of bank-owned life insurance policies;6.Rent and other income from Real Estate Owned.Alas, using the Statistics on Depository Institutions Report page doesn't provide granularity to see just the Rent and other income from Real Estate Owned.