Last but not least: some banks will allow account holders to overdraft using their debit card and then slam them with fees.

As a buy and holder, I'd be tempted to hold.  

You should narrow your investment vehicle scope:  are the investors going to be lien holders?  

I would also require to be a certificate holder, this will notify you should the policy ever lapse or terminate for any reason.

If they (borrower or junior lien holder) didn't have the funds to buy at sale, they aren't typically going to have the funds or the will to buy within six months.

Well, feel free to reach out to me directly when the new 2nd lien holder contact you, or if you have any questions, and I can give you some tips on how to negotiate. 

I agree Christopher, and to  be clear none of my comments were directed  at you personally, or specific to your system, I always address things from a generic view point of the subject matter, however, I am not, nor would I advocate zero interest notes for more than 12 months or under some very unusual situation where such a note was intentionally created to accomplish something for the note holder.  

You need to be listed on their policy as both an additional insured as well as a certificate holder.

The Seller is willing to take the property off the market and be willing to sell it to a specific Buyer for a period of time because they are getting paid for that time.The Buyer or holder of that Option may or may not be leasing the property.

@Tim Jonasson Wow I have always avoided land leases, but I didn't realize the holder had so much to gain at the expiration of the lease!