You'll have to take an educated guess on insurance cost.

I was ready to go, got pre approved by a lender, then one of the small downsides of FHA started to bother me: mortgage insurance.

Annual Gross rents: $63,600; Annual Expenses (insur, utils, repairs/maint, city fees, management fees, prop tax): $17,483; 20% down pmt: $140k, mortgage: $560k, estimated pmt: $3650 (includes taxes, insur);  Based on this, the NOI = $46,117 - total exp of $17,483 - debt svc of $43,800 makes for a DSCR of 1.05.

Both sites make it clear they do not insure the property is free of liens, mortgages and other encumbrances.How do I make sure that upon purchasing the property that I am not subject to all sorts of hidden burdens that were formerly the responsibility of the previous owner?

We ask questions not only about our team, but also about our lenders, closing attorneys, insurance companies, notaries, etc. 

I imagine though you're actually paying more than $390/ Mo on insurance, taxes and HOA fees.

After experiencing a serious damage via frozen pipes and insurance covered renovation - I feel like I need to figure out where I am with this rental and determine what to do with it.

So every year, we receive a notice of cancellation from the insurance carrier of "imminent policy cancellation" due to non-payment, followed by the bank saying they received a cancellation notice from the insurance carrier that if I fail to carry the necessary insurance they would have to take action...OK what action? 

Hi all,For those investing in trust deeds or private lending in an LLC structure, do you place an insurance policy on the LLC? 

I called my insurance company to alert them to the situation, they started the claim.The sheriff gave me a heads up that if, when released, I allowed the parents to go in and take their son's belongings, that the girlfriend could sue me if any of her stuff was damaged or taken.