If you can not get title insurance in the future you do not really have much of a deal.John Corey

I am a Commercial Agent who has very capable residential agents.Showing positive absorption on the commercial side (office/retail/industrial)Residential market is stable with a large number or foreclosure and bank owned properties.

Always good to have a domain expert.Second has to do with your focus.You have a profitable business model and a stable of investors you work with.

Depending on the location, taxes and insurance could make a huge difference in this deal.

Of course the agent is for it, for the same reason the insurance agent says whole life insurance is so good.Look at it this way, if the policy costs $300/year, ON AVERAGE the costs to the homeowner has to be less than $300/year.

I am a bonded insured company President of AmeriKote LLC (the one of the three in florida thats based in Hernando County, not the tampa one with BBB complaints.)We are your typical tub and countertop reglazer.

On a conventional loan no insurance and no taxes.It has been a long time since I dealt with anything but HELOCs and they have no closing costs.

insurance?

Here are some of the things that I do for them:Prepare and update budgets and timelinesPrepare or review vendor contractsMake sure W-9s, insurance certificates and lien waivers are receivedAssist with preparation of due diligence itemsOrder surveys, appraisals, inspections etc. and make sure they are received on-time (or sooner)Review and prepare closing documents for signing (after received from the attorney)Coordinate closing with broker, real estate agent, title company, lender, etc.Full charge bookkeeping including A/R, A/P, FinancialsPrepare and submit draw requests to Lender's for payment of contractorsThere are a lot more things I can do for local clients, such as meet contractors to receive bids, check-in on remodel sites, etc.Usually the REI's locate the properties and do comps themselves.

I want to craft this transaction to make it clear that the tenant is not getting equity in the propertyNever let tenant pay taxes or insurance either, on a sandwich.