(If OP took fancy financing classes they don't need to, but dear lurker: if that was Doric Greek to you, just google search "what is fractional reserve banking," but avoid the conspiracy theory websites, the truth is sufficiently crazy that they aren't necessary anyways)

Keeping in mind it is not fully rehabbed either but built 1980 so not too ancient with new windows, newer roof.

By the time you have signed all the title docs you will probably have indemnified the insurance folks of all liability except for the most obscure and rare clauses i.e. someone has some ancient mineral rights to the land.

Your rate of return should ... no, *must* exceed your debt service costs unless you want to be a Greek tragedy.BTW: your rate of return is the CAP rate if you purchased the property w/o leverage (read: all cash) ... which means there would be no debt service (interest expense), so your CAP exceeding your interest rate would be a certainty.

I put in swag guesses using public data on a property I plan to inquire about - 2500 sqft 4 bedroom (relatively ancient) townhome - and got a quote of about 1500 for a year of standard 1 mil/2 mil coverage.

My father-in-law buys and sells ancient roman coins and he has made a killing on them in the last few years.

The term charisma (pl. charismata, adj. charismatic; from the Greek ???????

We are not ancient Rome.

He always intoned the word in English with great gusto in his Greek accent, "Eef yuu wan' to bee (pause as he reverently breathed in) SERIOUS..."

Some country locations, too.Once upon a time I had an ancient travel trailer that I ended up completely rebuilding the front and back ends.