@Sean Whiteman I think that @Denise Evans means suit to quiet title to give you an "insurable deed" to the property.

This would have been a 6 month project, and im not taking that sort of risk to buy it as is and hope the town allows such plans.What I learned:- FHA is possible on commercial- 203k really isn't that much work- PMI insurance is extremely expensive- Learned about commercial kitchens and fire codes- There are great people out there willing to help- Learned about conservation areas, what can and cant be done- I have about 6 new contactsIm out $900 for the initial HUD inspection, but happy to pay it for the knowledge and relationships.

Becoming a Realtor, Insurance Agent, etc.)Thanks for your responses in advance!

So I am 4 weeks away from closing on two duplex apartment buildings, however, the insurance company that my contractor had builders risk with decided to not renew the insurance policy. 

.,) make ready costs (frequently $500-$5,000), mortgage, insurance, taxes, and tenant placement fee.Every case is different.

Hey Scott, they do include the estimated mortgage into the mix, as well as taxes, insurance, and any HOA fees even if you waive escrows.   

This first posting is to get experienced advice on insurance, advertising, property management, cleaning and handyman services, llc structure etc.Chris

@Ira Jeter - I would do this deal subject to if the current mortgage payment includes taxes and insurance.

Put a notice on your calendar, start an auto-pay system, anything that works for you to get those payments in on time every month.Credit utilization is also a big one.

You are much better off starting with Umbrella Insurance Coverage instead of an LLC until you get some experience and decide where you are going in real estate.