-Applicant agrees to obtain insurance protecting the premises from loss or damage caused by Resident(s)/Guest(s) negligence.

Lets say that you have a loan for $60,000 with an interest rate of 4% (For simplistic reasons, lets leave out mortgage insurance).

Make sure you have Your real estate attorney prepare the loan docs, close the loan and get lenders title insurance for You. 

@Vivek Shah you’ll violate your title insurance if you do a quit claim deed.

.- Aiming for SFH in Richmond, VA and I have a starter spreadsheet of insurance agents, realtors, home inspectors, mortgage brokers, and contractors that work in the area.- Ingesting as many BP podcasts as I can!!!!

One thing I didn't see there, though, is that it's very difficult to find a title insurance company in California who'll issue title insurance when you re-sell a California property you obtained via HOA lien foreclosure sale.

So long story short, I closed a property in dec, 18, 2018 with a closing attorney, and with the closing statement, I have a title insurance binder.

So long story short, I closed a property in dec, 18, 2018 with a closing attorney, and with the closing statement, I have a title insurance binder.

The biggest ones to consider are the mortgage payment (unless you paid cash for the property), property taxes and insurance.

You do have to watch flood insurance rates in all these towns too after Sandy.From a return perspective, vacation rentals almost never make sense.