I feel like that lapse in time could jeopardize a potentially great deal.

We also require that we are added on as an additional insured or interested party so that we receive notice of non-payment or any lapse in coverage.

I called the community manager and she said no it is not, they let their FHA standing lapse. 85% of buyer are coming to the table as a FHA buyer so this is really going to slow down the sale of the house.Does anyone have any suggestions on how to sale this property.

Also, I've worked as a project manager on 2 flips in N Tacoma and am in the process of getting my real estate license back after being silly and letting it lapse 😬.

The claim was rather small, but now they're looking for every excuse to discontinue coverage on our rentals.For the one, I'm letting the coverage lapse.

So in this situation I'm guessing you'd require them to give you notice and then you start advertising for a new renter right away so you don't have much of a lapse in rental income?

So if you can buy now at that price, have renters in said house for Just above morgage payments, take extra money put into an account for repairs or time lapses when someone is not renting said home (SFR) within the givin time frame now only will the renters be paying for the house you own, market values should go up within that time frame your income from said property should be a profit almost 100% guarnteed.

If the policy lapses, you will typically get notification of it.

If there is a lapse in coverage that could be the issue or Is there another issue (knob & tube wiring, dogs on the prohibited list, etc.) that could causing the problems. 

I was licensed here in Georgia from 1989 - 1997 until I took a career detour and let my license lapse.