Hello all, Closing on a multifamily(2 family duplex) at the end of this month and I have been getting some pretty high quotes on homeowner's insurance.

Through a lengthy and thorough insurance claim, I doubled my money so that was very good! 

That’s sort of standard but if lucky one can make it to 6 or a little more.

4 bdr house with 2 bath, remodeled kitchen, no major damages or repairs in FullertonSqft: 1377, 6018 lotPurchase price: 460,000Closing cost: 13800Down payment: 92,000 20% downMonthly mortgage: 1864.60Rent income: 3000Property taxes: 421.67/month Insurance: 100/month Vacancy: 100/monthCapex: 150/month Total expenses: 805Financing: 1864Income: 3000Cash flow:~330ROI:3.74So this is just me practicing for a property in Fullerton.

Hello @John LeavelleProperty 1’s mortgage, insurance, and taxes is $445 and rent collected per month is $950.Property 2’s mortgage, insurance, and taxes is $800 and rent collected per month is $1,200.Would the refinance cut that much from the cash flow?

The building is in class C shape and I want to bring it to class B standard so I can charge more rent. 

As for collecting monthly payments you hire a servicer for $20-25 a month and they will make sure there is insurance on the property, as well as escrow taxes and insurance.  

At closing they signed an additional 1pg standard rent back form our real estate agent had. 

Their son burned their house and the insurance company moved them into a hotel.

The taxes are around 1680/year, and I'm going to guess insurance would be 30-40 a month (realtor.com estimate plus some).