`(d) Insurance of Mortgages- The Secretary is authorized upon application of a mortgagee to make commitments to insure or to insure any eligible mortgage that has been refinanced in a manner meeting the requirements under subsection (e).

The financial projection sheet factors in P and I, insurance, taxes, management fees, HOA dues, etc.

.$400 for expenses (taxes, insurance, maint,e tc...)$400 left to pay debt and profit...so, In my pocket, I have $400 - Mortgage??

To protect myself I require a $3000 - $4000 down payment in case of default to cover expenses till I sell againThis money is not spent on anything and is placed in a high interest money market account only spent in case of emergency for that property. .I keep taxes and insurance current and add that money to their monthly payment.

Insurance seems to throw things off.

., were scheduled to reopen on Monday as Mutual of Omaha Bank branches, the Federal Deposit Insurance Corp. said.The FDIC said the takeover of the failed banks was the least costly resolution and all depositors -- including those with funds in excess of FDIC insurance limits -- will switch to Mutual of Omaha with "the full amount of their deposits."

You would be entitled to all the ordinary and necessary expenditures related to the rental, such as repairs, insurance, property taxes, maintenance, etc.

Therefore, I would suggest holding your properties in LLC's and of course, having insurance.If you look at most insurance policies, you'll discover that they don't cover many of the things that tenants like to sue for.

IM AN INSURANCE PROFESSIONAL ON THE MS GULF COAST.BELIEVE IT OR NOT IM IN THE TRANSPORTION BUSINESS TOO.I WANT TO GET OIUT OF THE HUSTLE AND BUSTLE OF 8-5 IN MY CASE 24/7 WORK SCHEDULE BY UTILIZING MY SKILLS IN BUSINESS THROUGH REAL ESTATE.

Seperate meters for all units, no grounds keeping, insurance and such at very, very low numbers?