Its much better to lose $100-$200 a month on a property because rent is low, than it is to lose your entire mortgage payment, insurance, tax, maintenance, etc because the property is vacant. 

Also referred to as non qualified mortgages or "Non-QM", they are a burgeoning industry (has been for the last several years) and lately, since the loans that were originated (and sold) have performed well on the secondary market as mortgage backed securities, more players are entering this arena.We close loans with Finance of America.

We think this qualifies as abandoned but my more immediate question is if we have extensively posted the property should/can we insure it?

I am in the process of purchasing my first property and I really under-estimated the insurance cost... 

I think this is a do-learn kind of industry.  

Hi I am just getting into the investment/cash flow industry and I was wondering what everyones thoughts were on pulling equity from your primary home to purchase a property.

Cory -   it doesnt  sound like you will need  this extra income for  qualifying so no need to wait  fyi  if your hours  will be  guaranteed and stable   , then the  higher income  should be usable ...if the  hours  are not guaranteed (  eg.. overtime ….seasonal …..not consistent ) , then  likely to not be usable Going FHA is not that  wise  as  the  FHA mortgage insurance is permanent and wont be able to  be eliminated  unless you refinance the loan plus you will have a  large upfront mortgage insurance that you have to pay at closing  ….consider using  a conventional  loan  as the mortgage insurance will  be able to drop off or be eliminated in the  future

There really is no industry standard pricing and very few PMs in our area make their pricing available online.

What homeowners insurance providers have you found the least expensive for a standard landlord policy? 

@Kalen Mills from what I recall TLO has requirements that you must meet to use them ie: be able to prove your in some certain industry that uses this data for a purpose other than trying to find motivated sellers etc.