Monthly payments are at $900 (mortgage, PITI, insurance, HOA, tax).

Property taxes + insurance is about $375/month.I'm trying to decide what to do.

Producing results is what will earn you the money.In addition to big banks and brokerages (which may well be your best path toward serious money), insurance companies (I think) hire these sort of degrees.

In addition did you investigate Insurance and Property Tax costs if you were to take over.

However, I just asked the title company for a copy of the pre HUD-1 and it shows that the seller has incur some charges (e.g. title services and lender's title insurance).

I understand most folks endorse the use of a custodian and think I’ve heard custodians can be insured up to different amounts.

Since the eviction process can be so drawn out, would you recommend getting landlord insurance?

Are "deposit insurance" instead of security deposit companies legit?

. :)The next lender will treat the sold property like a rental, usually allows 75% of the payment made toward taxes, insurance and debt. if that breaks them even then the DTI should be fine.

This is his calculation:Estimated Gross Income : $206,268Estimated Total Expense : $107,515Estimated Property Taxes: $ 16,536Estimated Insurance : $ 8,004Estimated Total Expense : $132,055Net Annual Operating Income: $74,213Purchase Price : $320,000Plus Estimated Rehab Cost : $100,000Total Cost : $420,000ROI : $74,212 / $420,000 = 17.66%Now I don't know how much was added for management, maintenance, vacancy and other operating costi) What would you do from here?