Just recently I had a notice from our insurance carrier underwriting that they were canceling or insurance for our rental properties.  They apparently have strict rules about what the owner company can be involved wit...

Purchase Price $856,000
Renovation Cost $550,000
Total $1,406,000

Q3, 2007 apprasial with quoted repairs $2,000,000

Expenses run 40%, plus vacancy (est. 10%).

Gross income is $330,000

Your thoughts?

Hi
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