You could possibly drop the mortgage insurance, but the difference in rate would most likely eat up those savings.  

You'll want your PL named as lender on the property insurance policy.

Agents, buyer/seller, insurance agents, attorneys, title companies, inspectors, lenders, mom & dad, relatives and so many others. 

The uninformed will fall victim for sure.Lenders of all types should require title insurance and also obtain Insured Closing Protection Letters -- the validity of which can be independently verified.

I'm currently paying $4100/year for insurance, and when it renews in October it will go up to $5500/year.

I also asked about any plumbing issues, which I would get inspected during the due diligence phase, along with other major concerns.While I don't have much experience assessing houses and determining the extent of repairs, I’ve spent a lot of time in stores like Home Depot and Lowe’s.

Crime is a concern, but I'm thinking with the appropriate limited liability and insurance structure this could provide a reasonable shield.

It is definitely cheaper to do it while you are already working on kitchen and plumbing.

If you have a $300 plumbing bill, you are another $300 in the hole.

Wholesale house bought from "Invest with Ben"New LVP throughout (Carpet in bedrooms)New KitchenNew WindowsNew BathroomsPaint ThroughoutFinishes/Fixtures/Minor plumbing work as well as front door replacementLandscaping/Very little outside work$153k purchase ~$46k rehab (Used our own guys so was able to get labor at cost)Sold for $242k3/2 ranch 1200 sq ft with a 2 car garage.