I hedge with higher liability coverage and feel that as long as your coverage is equal to or greater than your net worth, you're probably going to be okay. 

Right now, for one 4-plex, I have been quoted: Dwelling Coverage: $345,000 (no personal property coverage)Liability: $300,000Deductible: $1000Annual premium: $1038Is this enough coverage?  

thanks The title policy's coverage should be no different when a general warranty vs. special warranty vs. quitclaim deed is used to transfer title.

Your rate will be about 7% And you will need a debt service coverage of 1.25 or so.For this to work, you need to Richard at 70% of current value and then make improvements which should add $3.00 in value for every $1.00 spent.Additionally, if you cannot promise the investor that you can get the refi, then you will probably need to sell the property to someone who can.

The coverage is $40,000 for condo unit and $500,000 for liability.

Entirely different insurance coverage required.You also need to inform your bank if you have a mortgage, prepare to have utilities in tennats name etc..

Before you DIY this check with your insurance company this is not going to cause some exclusions in coverage. 

So, we certainly feel comfortable w/this approach w/safe leverage > 1.3 DSCR - Debt Service Coverage Ratio; 1.0 is B/E; 1.2 is min for bank loan; higher the better). . 

The tenant carries no renters insurance (which includes liability coverage).

I bring up the time to 100% occupy because I'm pretty sure residential cash-out lenders look at the DSCR (Debt Service Coverage Ratio) as well when cashing out on an investment property.