Do I just leave it as is (of course making sure I’m covered for liability) or do I fully insure and continue applying for the loan?

This agreement is a perpetual guarantee for 2 years from the date of execution and is to be applied to any and all transactions presented by _______". 

@Lavette Reid Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

The new requirements will apply to tenancies starting on or after July 1, 2025, with pre- and post-repair photos required by April 1, 2025.This law also clarifies that landlords can only deduct professional cleaning costs if needed to restore the property to its original state.

I looked into the Real Estate fund as well, and because he was an UN-licensed contractor, I can not apply for it. 

When your property is relatively inexpensive, say $200k, and you want cost segregation applied to it - is it worth it to hire a cost segregation firm and pay their fee? 

If a property is owner occupied there is additional leeway that you have, for example certain laws that would apply to a traditional landlord would not apply to you if the property is your primary residence. 

As of right now, I am the only one applying for a loan and I am not approved for very much.

Will average all deposits over last 12 months to calculate monthly income, and then depending on the type of business, apply an expense ratio. 

So you’ll be at least presentable when you apply for mortgage financing. 8.