If a person has RCV or ACV policy makes a huge difference, than question of what coverage level people had and if they had policy add-on's that cover cost over-runs and all that fun stuff, not to mention contents. 

I have poor credit, which has limited my loan options.Closing Costs: Roughly $22,000, covering prepaid taxes, mortgage insurance, lender fees, and HUD consultant fees.The Shortfall: $25,000Initially, I planned to use a down payment assistance program in Detroit, but due to misinformation, it turns out I’m not eligible.

Currently have a duplex I’ve been in 3 yearsMortgage 3.65% pmt $850Tenant pays $875Heloc $30k——monthly $291The issue I am running into isRates are so high right now and it’s a lot harder to find another that will cover full mortgage.Does it make sense to leave somewhere that it is full covered to go to one that is not?

I hope you have a lot of cash available to cover the FTC fines. 

.🔹 Insurance Challenges – Even when insurance pays, it rarely covers the actual cost to completely rebuild.

Umbrella Policies are good, but they are not an asset protection tool, they only cover litigation/damages after you’re already in litigation or found personally liable.

Our insurance has been canceled on this home and we are working on getting insurance to cover when this current one ends.

Liability insurance covers negligence.

My goal is to live in the home during the winters, maybe 3-4 additional weeks for vacation, then rent it out to help cover the mortgage the rest of the year.  

I only have enough funds for a 20-25% downpayment and was looking to do a DSCR loan to cover the rest.