I think Landlords are better off using strong policies, knowing the law, acting quickly and professionally.

These policies have been in place for decades. 

Ask about rate lock policies, all lender fees. 3.

Tenants will set up insurance, show you proof, then cancel their policy right after moving in.

If they are VERY professional, they will have their processes in writing as verification that policies are enforced equally and fairly by their entire staff.6.

Maintained appropriate insurance yourself (builders risk when under renovation, vacant when vacancy periods exceeded your insurance policies allowable time frame etc?

You'd also need to establish a budget, and secure a master insurance policy. i THINK you need to do these things before reaching out to your municipality to have it converted officially with the county or city but they would be the first ask for steps in order.i will add, this would make financing on these units a bit challenging, as in the mortgage world, at least initially, they would be considered "non-warrantable" condos.

"Early issue title insurance is a type of title insurance policy issued before the final closing of a real estate transaction.

By working closely with hosts, legal teams, and city officials, PadSplit successfully defended its model, ensuring continued housing opportunities for those in need.With this case setting a precedent outside of Atlanta, it strengthens the argument for more flexible and inclusive housing policies.

I understand my error in not having a written cancellation policy and I will make sure to have one in the future.Thank you in advance!