Waiting will allow all those zeros to feel normal to you.  

NAR Settlement has zero to do with this situation.

- Insurance policies (some may not cover rent by room)- Friction among tenants regarding common spaces

I was just surprised that when I asked to change the policy to rental, the first thing he asked was if there was a damage after the hurricane I think a few different things are in play here. 

Lenders are reaching out to Fannie Mae and Freddie Mac to have the minimum increased, since this is an issue that will not go away as insurance companies raise premiums to stay profitable, and HOAs try to avoid paying higher premiums by increasing the deductibles (or sometimes they need to do both to afford a policy at all). 

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

Also at closing: You should provide your lender with a lender's title insurance policy, separate from your owner's title insurance policy.

Just like my loans i get from my commercial lenders you have 1/2 a point or maybe one point and ZERO junk fees  only thing they charge and that is only sometimes  for an appraisal.

The focus of government policy (regardless of how local) should be on addressing fundamental friction.

Second, the building code, IRC/IBC, defines a townhouse as zero lot line (zero setback) homes that are on their own separate parcels and share a common wall.