When you move forward, they should provide proof and name you additional insured.

The Homeowners Insurance will include Builder's Risk.

The value in what Brian brings is that IF you find good deals there and WANT TO do them, being in his program, his contractor will front the reno money until you get construction draws back from your fix and flip loan. 

If the cosigner is not contributing funds but is just helping secure the loan, whats a fair way to compensate them?

With a private auction of an already foreclosed property, you will usually be allowed as part of the closing to have a title search done and to buy title insurance.

Curious if any General Contractors have recently originated commercial general liability insurance and build units that are sold as Condo/PUD's.

So a loss of about 55k We did a lease to own option so I could immediately take over expenses but keep their primary resident loan and interest rate.We agreed to a deal which would cover all their expenses at closing, their remaining loan balance, and $45,000.

Us: We want to buy the property, fix up the (3) apartments not occupied by her parents to generate rental income.QuestionsMy thoughts are to work out a deal where we purchase the property from her parents without taking a loan from bank.

So a loss of about 55k We did a lease to own option so I could immediately take over expenses but keep their primary resident loan and interest rate.We agreed to a deal which would cover all their expenses at closing, their remaining loan balance, and $45,000.

Foremost, Proper are 2 big ones.Don't skimp and get the place insured properly.