Let's say they need to foreclose and the borrower picks up the Yurt and moves it - now the entire loan they underwrote is thrown out, along with title insurance, and the lien on that property.- Value: A SFR, or 2-4 unit (what it would be in this case) are residential assets and thus are valued off the "sales comparision approach" rather than the income approach.

The insurance costs for small multifamily in Florida, especially with older builds, is rising and rising.

@Breeya Johnson the entire market currently is in a cooling cycle with price declines and inflated expenses like property taxes and insurance.

The public adjuster will argue with the insurance adjuster and get you the best payout.

There are companies with the customer best interest in mind.

Even when the deed is recorded you will be unable to obtain title insurance for at least a year from the date the deed is recorded.

That has been a big thing.The easy way I think to say it is if you are a lender, agent, insurance person, you shouldn't be starting forum posts to elicit feedback in your industry or genre.

Expenses: What are the operating expenses, including taxes, insurance, maintenance, and reserves?

A while ago they were taking request of adding banks from customers but I was told that they do not do it anymore.

E&O insurance most likely