If you taxes and insurance were $125, your total payments would be about $600 vs. $850, much less than double.

Insurance sales, bank PR/marketing, stock brokers, financial planners?

Also on a side note I happen to be a sales executive for a firm that sells resident screening, renters insurance, and rent collections services to property management professionals which had a big part in inspiring me to invest on the side.Looking forward to speaking with everyone and learning more.

Need to know the monthly taxes & insurance.

Maybe I am missing something.The way I've seen it calculated is 50% of the rent goes to maintenance and the rest goes to the mortgage(minus taxes/ins).Taxes an insurance could be pretty substantial when doing the numbers.

Or one of the heirs lives there who is supposed to take care of financial obligations, but he doesn't without letting others know.

We don't even know yet if such loans can be paid off with bank proceeds as they are ill concieved notes, if they are not valid obligations, the security interest is gone as well, if there is no valid security interest to be paid from disbusrements, the bank may not pay it off.

Also insurance will be higher in these areas and a wind mitigation inspection is required to get an insurance discount.

If you want to do a quick "litmus test" on an area, you can take the median or average gross rental rate of the area, as well as the the average property taxes and insurance for the properties you're looking at.

While he was working at our 4 family, an insurance guy was walking around our building.