You could also approach lender about a deed-in-lieu of foreclosure IF they will agree in writing NOT to personally pursue you for any loss.

Dave Ramsey style.

write the owner see whats up.90% its not the owner being a slumlord its the area and the type of tenants that will live there are slumlord type tenants.. pretty hard to turn those around .

Think of it as the govt forcing the lender to take whiteout and use it on all the property documents, whiting out the sellers name and writing in yours instead.

My question: Where are these carriers wanting to write policies?

Fees should be clearly stated in writing, easy to understand, and justifiable.

Two basic questions First, I have been told by director that we have 3-4 insurance companies that will write a policy.

Home search to reno planning to paint to plumbing to floors to record-keeping and contract writing, self-managing (all). 

If I were you I’d write down a list of potential pros and cons and then make my decision.

Forcing them to explain how compensation works and getting that in writing up front before they do much work.