The costs of a QI are also often relatively minimal in comparison to the interest and penalties you would pay if it is blown up.You are also parking significant sums of money with the QI - that alone is worth using a reputable QI to ensure your funds don't disappear. 

He’s obviously not motivated by friendship, loyalty, reputation, fairness, morals or ethics.  

An insurer owes no duty to investigate the condition of the title and makes no representation as to the condition of the title inissuing a title insurance policy.EXCEPTIONS FROM COVERAGEThis policy does not insure against loss or damage, and the Company will not pay costs, attorneys' fees, or expenses resulting from the terms and conditions of any lease or easement identified in Schedule A and the following matters:4.

Do the above first.I don't track Minneapolis, but did part of the city get damaged, burned and tenants left? 

If a deal crumbles and you lose money it won't be because of the financing, given you're dealing with a reputable broker or lender who has closed 100s of deals. 

Sorry about your water damage last it's definitely best to call a outside water damage company.

The only reason we have requested his presence while contractor is there doing the repair purely because we are worried that the tenant might accuse the contractor damaged his stuff, etc. later.

However, I have a trustworthy and reputable private lender that is willing to fund my first few deals.

It included similar "loss of rental income", same liability limits, included building code upgrade, vandalism and even 10% for water damage and 5K for rot.  

It would also be wise to have a reputable roofing contractor who has been in business for several years walk the roof and give you an estimate.