I have my primary and 'rental' house with Allstate - been with them for 5 years.I am closing on house #3 (that is replacing my rental house ) on the 25th.Geico requires me to move my car insurance in order to get this 3rd house insurance...Liberty Mutual is worst  - must move my primary house with the rental...Thoughts ?

@Saji Ijiyemi  My experience with REO's recently is there is very little room for discounting beyond an approved list price. 

Get title insurance, wire the cash.

Real Estate Investing is all fun and games until you need medical insurance. 

Know the entire scope of your plan, and don't let a sledgehammer touch the home until you have FULL approvals. 

I'm a Louisville insurance agent looking to break into REI.

Have good insurance.

They have:- kept a ferret without a deposit or approval- just put a hole in the wall- painted all the bedrooms ridiculous colors- Havent oaid their trash bill in over 3 years- replaced all the ceiling fans and did the electrical themselves (without a license)And multiple other things.

Here are some expenses that you haven't mentioned:- Vacancy allowance-  Insurance- Property management - Taxes- Utilities (you seem unsure)- Maintenance- Capital Expense Reserves8.

Hi Natalie,You'll definitely maximize value if you can get the permits approved on your own.