A policywith a higher premium may be a better deal if it does not have a wind deductible.There are many endorsements that are available on the homeowners policy.

My neighbor has endorsed that she wants to sell her house to me.

The title insurance you get has a separate endorsement on it, but the problem is that most lenders will not lend on these properties. 

Now in order for me to deposit the check in the bank I actually need the endorsement of the tenants as well!    

Also, no big deal.Allonges endorse the promissory note not the AOM.  

Some creative financing ideas:Ask the seller to loan you 100% of the purchase Do an installment down payment agreementGive the seller a note - pay him a percentage of the rent you will be collectingGive the seller a post dated check - post dated for 2 years for the down paymentOffer a blanket mortgage on another property you ownAsk seller to repair something (we call it the"Front Porch clause) instead of him doing it, he gives a check in that amount that it will take to do the repair - you endorse the check and give it back to him as the down-payment.Borrow SOFT MONEY on another property you own or from a relativeBe a limited partner on the deal - they refi or borrow money on their property - you make the payments over time with a nice interest and don't forget a buy out clauseAsk your girl friend, your Mother or drinking buddies - offer a free apartment for a limited amount of timeAsk the owner to finance 100% of the deal - keep him in as a limited partner Offer 20% more for the building if the seller will take back a principal only mortgage (that is without interest) offer a balloon payment and split notes.Ask the seller to let you manage the building for a year - collect the rents and make improvements from the rents receivedOwner financing with split notes (details on this to come)Proposal marriage to the owners daughter - make friends with the seller's wife - let him know you really want this property - beg for help - tell him you are a nice person - just getting started Offer a Hybrid offer - offer less - improve the building and give seller 20% of the profitsTry a Delayed Settlement with right of possession and subject to the mortgage - you make payments until settlement 1-2 years later.

I would like to find a "runner" that can bid for me with a power of attorney to endorse my cashier's checks but have not found anybody I feel confortable with.

I appreciate your endorsement.

Just received an email today about a new law  SB1547 which endorses the policy of imposing penalties on landlords for criminal conduct of tenants.

Not sure on fair lending practices and how they apply, but you may want to find an insurer that will offer the E&O with that endorsement on there.