Since our residents are traveling "light" to a furnished property, their coverage only costs a few bucks per month. 

If these things weren't disclosed that could be an issue.Did you work with a licensed insurance agent to secure coverage?  

Maybe she will sell for less, but I suspect you'll have to convince her that she benefits from the transaction somehow.Usually, a title company expects a written purchase and sale agreement first, before they will do a title report and they need to know the sales price in order to set the coverage.

It sounds like the issue is with the Debt Service Coverage Ratio (DSCR), which lenders often use to determine how much they’re willing to loan.

If it's way out of whack with the market average, dig deeper.Debt Service Coverage Ratio: Key for nderstanding if the property's cash flow will cover financing comfortably.Historical Vacancy Trends: Especially in areas like Chicago, where local job markets fluctuate, knowing vacancy trends can help you anticipate rough patches.Rent Growth vs.

I have a GC friend in PA trying to request 196k, as a “gap” to supplement whatever the HML cannot cover. 20% ROI, 6 months. 

From experience, proper planning, strong insurance coverage, and networking with experienced investors are key to making the most of an LLC for your investments.Good luck!

DSCR lenders lend based on the Debt Service Coverage Ration and if you are living there you do not have incoming rent to offset the debt service (payment).

My overall goal is to buy enough doors to supplement working full time so one day I can focus full-time on becoming an entrepreneur.

If you can not find coverage with the agencies you have contacted, PM me and I will let you know the companies that we use that might do it.Because of your making payments to the owners potentially, I would look into commercial crime coverage and cyber liability.