Asking price: $249K, current rents $2100, taxes $220/month, insurance $115/month, estimating cap ex and repairs at 5% each and 8% vacancy just as plug figures.  

Hi All,I am searching for REO Insurance for my property in Maryland.

Your main costs will be Property Tax, Property Insurance, Maintenance (small repairs, landscaping, pest control, etc), Capital Expenditures Reserve aka Cap Ex (money set aside for roof, HVAC, Flooring, etc), Vacancy, Property Management, and then any debt service you have on the property.

My single family I bought with a government insured loan had a 2X4 ladder to the second floor (no other stairs) limited counter space, no dishwasher, old stove, only a stand up shower, and bad flooring.

@Stanley Pearse No spreadsheet, although you could look and see how much your taxes and insurance have gone up and compare that with how much the market has gone up since 2016 as a place to start.

Inspection scheduled, Lenders talked to, and an application submitted, Insurance quote in progress.  

My dad owned his own business as a title insurance guy and my mom was and still is a real estate agent.

Now they are not late on any taxes and insurance or payments, but I'm wandering if the bank would consider negotiating to a lower price since her husband passed.

Almost 99% of AirBnB in Miami/S Fla is breaking some sort of law (local or state or HOA), not to mention violating terms of their insurance or mortgage.

The reason I’m posting is because I need help figuring out how much renters insurance is going to be and how many other fees I’m missing.