Its worse than just being off.. 97% of those type of solicitations are from  scammers pretending to be lenders  you know pump and dump due diligence schemes quote super low rates tell you what you want to hear just need to send me 500.00 up front then another 1000.. 

IF that is the case full stop - yes you are paying for something called insurance but if you have a claim the company has the right to pretty much deny coverage for having the wrong type of policy.Landlord policies are higher cost but for a reason - there is a different and increased level of risk when the house is not owner occupied.Talk with your agent and get all the details sorted out. 

With Google, Yelp, Facebook reviews as well as what is on their site and what type of content they are posting on their social media pages....

We are an LLC, but I wanted to know what type of reputational hit this will be for us and if this would show on our credit in any way.

Your best bet is to get on the phone, get multiple opinions, multiple quotes, and make decisions on the type of build before pulling the trigger.

These types of agreements can get a little in-depth, but that is what you want for your protection and that other partner.

Hey guys im looking at real estate in South America ,for the price of a studio here in the U.S there you can get a 3br +1000sqf house in nice area of town ready to move in, been pondering on getting a personal loan here in the U.S to invest in a house in SA, what banks are best for this type of loan, i would like a low interest and monthly payments.

To be clear I’ve never done this so I don’t know if you would need a $10,000 or $25,000 or what type of payment.

This is the type of deal where doing your homework upfront pays off big time later.

I agree that DealCheck (or the BP calculator) does not provide enough tools or functionality to analyze those types of transactions (yet).But I would argue that it does a great job at analyzing more traditional buy & hold SFRs and multi-families, as well as flips and rehab projects.