Lenders title insurance policy should be obtained and all documents properly prepared and filed accordingly.

Hi Nadia, here's a few things to consider:Credit Score: Set a minimum, like 600-650.Income: Require 3x the rent in monthly income.Employment: Verify stable employment.Rental History: Check for positive rental references.Background Check: Make sure they don't have any criminal history.Security Deposit: Typically 1-2 months' rent.Pet Policy: Decide if you'll allow pets and set fees if needed.

I was just saying the product exists and so much so there were vendors who paid significant money at BPcon to get the word out about that product. it might be in certain markets, there might be strict criteria, but a lender saying they don't exist is crazy. 

She's a practicing Muslim so they have very strict rules around not being able to pay interest (what they call 'riba').

Those who think an umbrella policy is enough miss one important point: if your policy has to pay out, that means someone took you to court, and you lost.

I would not try this in CA, where they are strict about building codes and have issues that other location don't (earthquakes, in particular.) 

Look at your policy and contact your insurance agent to see if they will cover loss of rents.

If the investor fails to make payments, it could damage the seller’s credit, even if they've relinquished control of the property.Insurance Issues: A change in ownership might affect the property’s insurance policy.

What is their rate lock policy?

This strictly relates to asset protection.