When did the insurance pay?

By doing so, you don't have "clean title"; if such a transaction required title insurance, the title insurer would list all liens of record that remain unsatisfied as uninsured / exceptions / exclusions on the title policy.

My insurance agent mentioned that properties in a flood zone require government backed insurance.

Of course with me paying the mortgage she is spared not only the credit card interest but also the home insurance and property tax payments.

You will use this percentage to figure and multiply it by the following household expenses: maintenance, interest, property taxes, insurance, and utilities.

It cost about 30 bucks here in NJ to file - pretty cheap insurance in case tenant decides they want to play games.

Insurance: $1000Property Mgmt: $0 (DIY)Maintenance & Repairs: $6,000Advertising: $200Utilities: $800NOI: $10,804Cash Flow: $4,326 Annual ($361 p/Month)Cap Rate: 8.83COC: 14.28%If my math looks ok, then I have a couple of follow up questions: 1.

Purchase price 60k cash.Montly income 8400.00 annuallyannual insurance 495.00annual tax 1015.00 per 2011 yearleaves me with 6890 NOI before R&RROI 11.4%Home is out of state and would use as a potential vacation home in between tenants.

Title companies provide insurance that sellers buy for buyers that guarantees the buyer is getting a good, clear title.

The house is part of an estate and I know insurance says replacement value is $85,000.00.