He's been there just over a year.Numbers are as follows:$925 monthly income$876 Property taxes$462 Insurance$600 maintenance$50 advertising yearly$150 Administrative yearlyFinance amount $ 65,0005.2 percent interest 30 yrs. $ 13,000 down$1625 Closing costWhat you think?

Not sure how much of that PITI is P&I, but you've omitted capital, vacancy, maintenance (mostly caused by tenants), other utilities (at least when its vacant), make ready, legal costs, CPA costs, etc.Landlord insurance is more expensive than homeowners.As far as the tax benefits, your net rental income will be the rent you actually collect, less all actual expenses (taxes, insurance, PM, maintenance, utilities, etc.), less interest (not the principle payment, though) and less depreciation.

I can pay $300 more per year to get that to $1.5M using the umbrella/excess insurance policy.

The only time I'm ever able to justify doing my own title search is if the property is really cheap - so cheap that a title insurance policy is overkill ...and these kinds of properties are usually a waste of time in the first place (depending on where you're at financially).

Title insurance is cheap so if you only need an additional $30K of insurance I would do that and move on.

They are usually fine with it but if you do it without permission they may choose to foreclose-If you are in a home owners' association or similar then you may not be permitted to rent out a room (unsure what legal action they could take against you)-You must inform your home insurer and change to the right kind of insurance.

I am not a rehabber at all but I have noticed things from owning buildings and needing repairs.As mentioned they might be cheap because they are inexperienced or do not have the right tools and the insurance for the job etc.

My partner and I are pursuing a 100 unit property in Washington State, wondering if anyone can recommend good insurance agent?

I would assume all responsibilities for the duplex as it would essentially be mine now.The numbers:- Mortgage, taxes and insurance come out to around $2,050 monthly.- Approx $270k is owed on the mortgage with 21 years remaining.- The property may be valued at around $190-210k conservatively.

Well, with that being said especially about telephone scammer targeting the elderly, has me scared about a "so-called home visit" from supposedly a person from my insurance, Humana.