Will that allow them to be under the LLC insurance?

That being said, do you have Title Insurance on the property?

---Taxes and insurance on this duplex seem very low. $~1.2k in taxes AND insurance per year for a $80,000 property?

The VA is basically a guarantor, much like insurance, to the lender.

need more info. what's the taxes & insurance?

became an unintentional landlord 3 years ago on oct 1st. wanted to share with you the tracked expensed over past 3 years.rent $900, $925, $950, $975 (tenant renewed 10/1/2012 for 4th year)Per month average over 36 months: $626 P/I/PMI $199 HOA$116 Repairs/capital improvements$ 6 Vacancy$ 114 Taxes/Insurance$1062 Total Expenses + debt paymentcurrently -$86/month cash flow(this is why you do not buy a condo &, for newbies, to have reserves for the unknown)

If you are getting bank financing then it is most likely that the lender will require title insurance.

I just got good umbrella insurance.

Insurance paid only for that part that had to be repaired due to the "incident" but since the apartment was very old and disfunctional, it was a good opportunity to remodel.

I do have many questions because I have spent a lot of money on rehabbing homes, yardwork, closing fees, and three new roofs that were paid for by insurance, but yet I had a deductible.Thanks to everyone that replied, I was on the fence but not anymore.