Recapped-PITI cashflow post remodels = 4400mth. 

Typically a commercial lender will require 20% more rental income than PITI - this is what's called DSCR Debt Service Coverage Ratio and should > 1.2The properties I bought this year in Milwaukee needed 30% down to get to a 1.2 DSCR.

A landlord or rental home policy could be necessary.To make sure you are in compliance with all legal requirements, familiarize yourself with the zoning and housing rules in your area.Consider your exit strategy.

Thus, they can absorb an unexpected car repair without missing the rent.I am not sure if the new policies would still allow me to do this, as there seemed to be one part of the law that would mandate that landlords accept the security deposit in little bits over 6 months of time.  

My initial piti payment was 8,870 now it will be 10,359.To make matters more messy I changed insurance during this time - they repeatedly sent me notices that they did not have proof of insurance...I had my insurance rep send them the docs several times before they finally acknowledged the new insurance.

Also, when you say $150 cash flow, are you taking into consideration cap ex and repairs or is that just PITI?

There are no title insurance policies, and no guarantees as to good title.

.- Complete rental license required fixes (if necessary).Leasing:- Create rental policies document, and application document- Create Lease document- Take pictures- Place ads on craigslist and on Zillow- Book showings- Take applications- Screen applicants- Select applicant- sign leases, take deposit- Move-in walk through checklist- Take the family out for diner to celebrate!

Both are townhomes and the rents are just enough to cover PITI + HOA dues.

Many companies put coastal restrictions on Homeowners, Dwelling Fire policies and commercial property based on proximity to the coast.