The insurance had no problems with it and I live in Florida where insurance companies inspect the roofs.

Check the deed and trace it back deed to prior deed until you get to a point where the last person likely purchased the property for a price that indicated he likely got title insurance.

Why not insure the house yourself and also require renters to purchase renters insurance.

I know pension funds, hedge funds, insurance companies, etc invest in this, but I was surprised to hear that individuals can do this as well.

Does the city have access to withholding on your insurance claim?

I have considered many financing methods, and have decided that FHA was probably the best route for me at this time, as I plan on being an owner-occupant anyways (which you need to be to qualify for a FHA-insured mortgage).

Purchase Price: $174,900Mortgage: $838.89 with 20% down @ 6% and 5% closingCash Outlay: $43,725-Income-Rent: $1900/month (optimistically)-Expenses-Maintenance: $190/monthVacancy: $190/monthProperty Manager: $0 (self PMed)Insurance: $115/monthTaxes: $510/month (ouch)NOI: $16,860CoC: 1.54%CAP: 12.52%Profit: $27.99/door/monthI would have to offer $130,000 on this property to make $200/door/month.

Is $1MM landlord insurance each sufficient or overkill?

The broker may charge for any/all of the following:- Desk fees (monthly fees for being part of the brokerage, having access to the office, etc)- Commission fees (brokerage may take a percentage of each commission or a fixed amount per transaction)- MLS fees (to get access to the MLS)- E&O fees (this is your broker's insurance against you screwing up a deal)- NAR fees (to be a member of NAR)- Cost of tools (like lockboxes, electronic keys, etc)- Etc...Some brokers charge high monthly fees and a significant percentage of your commission; in return you get a big brand name to associate yourself with (Re/Max, Keller Williams, etc).

They told me that they wouldn't insure me if I was going to rent to students.