An attorney could better answer how much protection an LLC offers in your state, but from an insurance perspective, you can still have the same liability coverage amounts.

If that's the case, definitely their responsibility.If it's not their fault, they should still have renter's insurance that would cover their personal property and pay for the hotel expense while the place is being fixed.

We don't have a lot of money to put down, so our monthly payments will be $1300-1320 for mortgage, property tax, and all necessary insurance programs.

In COA's/some HOA's you'll get building insurance, water, cable, common area maintenance, etc.

In fact, I am not sure if the title insurance company / buyer's lender will back a simultaneous closing.

Taxes, insurance, vacancy, etc. are pretty easily predictable and recurring.

Then take the contract to title and have them do a search to insure the property.

Usually you have to jack the foundation back to level and support it, a variety of support mechanism from spaced helipads, structural foam, flowable concrete injection, etc...If you are the home owner and has an insurance policy this is one that may be useful to get them involved.

Hello All,I am trying to get feedback on a REO that is located on a busy street in an area that requires flood insurance.

3.500%Taxes ESTIMATED AT:$420.00Refinance Loan Amt (without UFMIP / Funding Fee):Hazard Insurance ESTIMATED AT:$100.00Loan Amt (without UFMIP / Funding Fee):$405,300PMI/FHA Mortgage Insurance:$455.96UFMIP / Funding Fee PERCENTAGE:1.750%MI Factor1.350%UFMIP / Funding Fee DOLLAR AMOUNT:$7,092.75HOA DuesTotal Loan Amt (with UFMIP / Funding Fee):$412,3932nd Mortgage Principal and Interest$0.00Interest Rate:4.250%Loan Term (in months):360Value:$420,000TOTAL MONTHLY PAYMENT ESTIMATE:$3,004.69Loan to Value:96.50%Estimated PayoffESTIMATED FEESESTIMATED LOAN COSTS--BUYERESTIMATED PREPAID & ESCROW COSTS--BUYER (SEE NOTES BELOW)ORIGINATION FEE0.000%$0.00Per Diem Interest on New LoanASSUME$48.02LOAN DISCOUNT0.000%$0.00(from the day of funding through month end).