You can always endorse it to change the name of the beneficiary.

I believe they call it "Homeowners Endorsement" but it gets marketed different ways: https://www.virtualunderwriter...My experience is that is fairly new here and adds a nice premium to underwriting.

They may need to add an endorsement to the policy or write the coverage under a different type of policy. 

Make sure you have loss of rents coverage and any other endorsements you feel you may need.

I thought we were supposed to keep personal endorsements off of here, especially negative, unfortunately.  

Sometimes policies on Vacant land have restrictions and need to be endorsed for the active work. 

I have been asking the CPAs and attorneys who endorse installment sales for serial ow-fin flippers to show me a court case where the taxpayer won - and I have not seen any yet.

The additional premium for doing so is usually negligible.You should also add loss of rental income - again a pretty small premium increase for valuable coverage.Insurance companies have been adding value to these policies by including various tools to help landlords manage their properties, as well as adding packages of endorsements.  

Does anybody have any referrals to quality licensed management companies that they endorse that work in this area? 

Here is a link to FHA assumption guidelines which would require you to pay to have the deal (https://www.hud.gov/sites/docu...)For quick reference i have put the section of concern below"When assuming a mortgage not subject to the HUD Reform Act of 1989, aninvestor must pay down the outstanding mortgage balance to a 75% loan-tovalue (LTV) ratio if the current owner occupant requests a release of liability,and the mortgage was originated by an owner occupant pursuant to a Certification ofReasonable Value (CRV) issued by the Veterans Administration (VA), or is one for which a Direct Endorsement (DE) underwriter signed an appraisalreport on or after February 5, 1988.Either the original or the current appraised value of the property may be usedto determine compliance with the 75% LTV limitation.This requirement continues throughout the life of the mortgage."