Maybe someone here with experience will have some insight as I'm still trying to figure out the best approach to insurance, but I think I've found a provider that I like in the Midwest (Kansas City area). 

Actual closing costs, plus prepaid insurance and taxes run 5-6% here.

So far I have my PM lined up and am working on getting a new insurance policy.

@Joseph Ziolkowski, yes, vacancy and cap ex are included, as well as maintenance, property management and property tax and insurance (but not Principal and Interest cost).Nobody can know for sure what its expenses will be in future, hence the ballpark "50% Rule", which can be fairly close in the case of middle-priced, middle-aged, middle-neighborhood type properties.

Is there a way to get 1 insurance policy??

Easy access and walking to a nice downtown.Units: 4 - 2bd/1ba Utilities- All electricAsking Price; $300KCurrent Taxes: $8100Utilities: $275 per month Insurance: $200 per monthAverage Annual Costs Including withdrawals for self-managing fee, Taxes/Insurance and Utilities- $26k per yearCurrent Rent: 3 Units $850, 1Unit- $800 per unit (tenant pays electric)Comparable local units for 2br - $900-975All questions and comments are welcome.Thanks in advance!

Presumably, any property liens would show up on the title and the title insurer would either exempt the lien or insure over it.

Your insurance company will need to know though to make the appropriate adjustments.

Hello all I’m looking for a good lawyer that deals with home insurance/ bad contractors in the Dayton, Ohio area.

Only hire licenced and insured contractors.