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

It’s also worth connecting with local agents who know the market and can find coverage tailored to your needs. 

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.

Yes, my banks require a 1.2 DSCR debt service coverage ratio, meaning they want to see rent 20% higher than the mortgage payment.

I suspect in most mortgages the Borrower entering into this type of agreement without the written consent of the prior lender would be a default.What debt coverage ratio do you think would be fair considering the risk? 

More than likely scenario will be investors picking away at the carcass of what RAD left behind...Furthermore, it doesn't appear any insurance coverage would exist based on the purported facts. 

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!

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

My only real care about cash flow is to have sufficient margin for safe debt coverage.

There waiving regulations that would have impeded it, and are trying to get additional funding to cover anyone who had any lack of coverage.