You might be able to go this route if your lease says something to that effect.Without lease support, you can write them a letter informing them they are in violation of the terms of their lease due to the lack of proof of insurance.

We also had a transient tax and municipality as well.

I currently use Wells Fargo and it’s a pain in the butt to keep going there in person and setting up a security deposit account.

We do well with ours in Denver and Colorado Springs, for instance.

All depends on a lot of things.No experience with or have ever heard of that lender, but I will look into them as well. 

If structured well, this can be a great way to get started without much cash.

Timelines, budgets, quality of finishes, they all need to go well for your exit and if your in bed with a GC that only cares about himself then all those things will not go right for you, but he'll still get his money.People really underestimate the following:1) The cash they need to close and carry the project2) How hard it is to have a GC stick to what they promise3) How long it may take to exit through a sale

I'd be happy to add you to it as well so you could receive weekly snapshots. 

Be sure to save every text or other communication with him and the remediation was done properly (and whatever caused it has been taken care of as well).

The information contained in this post is not to be relied upon.