https://www.hud.gov/sites/documents/DOC_7769.PDF

Hi, my wife and I have a SFH under contract as a rental near UAH Campus and looking for an investor friendly insurance agent or Broker to insure the property.

You have to pay PMI (private mortgage insurance) not really a big deal though.

Look at several markets and compare population growth, job growth and income trends and then look at their property taxes, insurance rates and landlord/tenant laws.

I would assume that insurance would exclude volcano eruptions.

Tack on another $885 for MI, then taxes and insurance and you're well over the self sufficiency rule.

Have preliminary conversations with them to see what their requirements are as well as the terms of their product (i.e. draw period, floating interest rate as it relates to prime, repayment schedule, annual fee, and closing costs) before you start forking over all kinds of financial documents.3) Most banks will go with 80-90% LTV, which means they will take that percentage of the appraised value and subtract it from your outstanding mortgage to determine the credit line.

I allow dogs in all my apartments but of course not the breeds excluded by my insurance.

If they refuse either option, document it with a memo and do it anyway.

Other things I look for:E & O and liability insurance?