Maintenance @ 5%: $696 Taxes: $527 Insurance: $500 Utility Expenses: $2,951 Total Expenses: $4,674 Net Operating Income: $6,460 Debt Service: $4,126 Pre-Tax Cash Flow: $2,334 Expenses/Unit: $1,558.00 Unit #1SF: 660Avg.

He said to have 500k of LL insurance on each property, and most important an UMBRELLA policy large enough to cover ALL assets.Chaz....

I always thought that if you hired a title attorney and they did a title search and felt comfortable that there was no cloud on the title, that you could then convey the property with a Warranty Deed and be able to get title insurance on it to boot.In my situation, prior to the house being foreclosed on there were only 2 previous owners since the house was built and in both cases these owners had Warranty Deeds.I find it hard to believe that a property can have a Warranty Deed on it for almost 50 years but the minute it is foreclosed on there seems to be some question surrounding the chain of ownership.Can anyone add some insight on this?

A friend of mine wanted to buy a condo in Destin but owners tell them they can't get insurance or it's too expensive.

Since property in TX has barely any appreciation, and low rents tied in with high homeowner's insurance and onerous property taxes, I don't consider it a hindrance.all cash

I know a land contract is different but but basically the tenant pays the insurance and makes the mortgage payment, gets the deductions and benefits of home ownership.

Trying to acquire a house for rental purposes, long term strategy is to rapidly build a rental porfolioPurhcase Price is about $55,000 two financing options available:1. 90% loan which will be at %7.25 interest and tie up $5500 down payment..will also cost and additional $468 in private mortgage insurance(PMI).2. 80% loan, @ %7 interest, will tie up $11,000 down payment, but will save the PMI ($468 a year) and a %0.25 in interest and ofcourse financing less which will lead lesser payments and lower interest paid.. the total savings of interest saved, PMI, and cost of barrowed less funds will come out to about $90 a month which is about $1080 a year savings over finance plan #1..which way is better to go?

Or they do not want hassles from their insurance company.

Normally getting a deed from the original owner will suffice for a title company to write title insurance on it.

There are very few disallowed investments -- collectibles, coins, life insurance.