I relocated to Vegas last summer because taxes and insurance in Florida has gone through the roof (thanks to all of the huricanes) making it extremely difficult to have cash flow.

Utilities, taxes, insurance, HOA fees, whatever.

Things like health insurance.

I did not change any number details on my property lists so I am afraid I do not know what you are talking about.As far as the duplex for $155k, it has a proforma cash flow of $380 per month which includes expenses of ONLY: mortahhe, taxes, insurance, & management.

Although the lower priced ones have better numbers the property tax and insurance are nothing like in CA.all cash

BTW, are you including taxes and insurance in your figures?

Closing is normal, except it ends up being delayed because the bank can't get everything signed and returned to the title company on time.You can certainly ask that the bank pay for certain items at closing.Your offer will state who pays for what for things like the title insurance, appraisal, survey, etc.

so if something is found, the title insurance(that is the same as owner title policy?)

Hi all, I'm looking at a Subject To deal at the moment in TX and one question I have is whether or not you typically need to change the home insurance policy when the property is subsequently occupied by someone who has a rental agreement and lease option.

Remember to confirm that you can get insurance on it (lots of redlisted areas) and how bad the property taxes will be with no exemption.Forget the "benefits of leverage" angle.