Basic typically includes the following: Fire, Lightning, Explosion, Wind/Hail (but not Named Storm/Hurricane), Smoke, Aircraft and Vehicles, Riot or Civil Commotion, Volcanic Action, Sprinkler Leakage, Sinkhole Collapse, Vandalism/Malicious Mischief.The DP3 is also known as Special Form and that gives you coverage for any physical losses not specifically excluded in the policy.

@William Hochstedler  Yes, the length of time before the Statute of Limitations can be used is very state specific, http://www.bankrate.com/finance/credit-cards/state-statutes-of-limitations-for-old-debts-1.aspx  but the general principle is broadly accepted and a statute of limitations defense is available in every state. http://www.nolo.com/legal-encyclopedia/statute-of-limitations-state-laws-chart-29941.html  However some states do exclude mortgages. http://www.americanbar.org/groups/litigation/committees/realestate/news_analysis/news_developments_2015/state-mortgage-foreclosure-statute-of-limitations.html  Here is a quote from the above link to the American bar association website regarding using the various state Statutes of Limitations in regard to mortgage liens.As a result, it is not uncommon today for a mortgage to have been in default for five years, six years, or even longer before a foreclosure is finally commenced or reactivated.

I just applied for the Service-members Civil Relief Act on my Lowe's account (via Synchrony) and they approved for a 0% Apr!

This note is subject to Section 2966 of the Civil Code, which provides that the LENDER of this note shall give written notice to the BORROWER, or his successor in interest, of prescribed information at least 90 days and not more than 150 days before any balloon payment is due upon requests.All payments under this Note shall be made in lawful money of the United States of America.

My lawyer is researching the ordinance and I know there have been several threats of litigation to block it, but I haven't heard anything concrete as of yet.

I run a civil construction company so I know people and have the capability and knowledge to rehab any median priced house.  

This is a civil case and not of any interest to the police.

Here are the numbers on my one 2/2.Acqusition: $53,900Rehab: $18,000Rent: $1,200HOA (insurance): $325Mortgage (PIT): $396Net: $479I keep a general pool of $15K for any maintenance, repairs, vacancies, litigation, etc for the 6 properties I have.  

I have KNock on wood never been sued by a tenant .. only litigation most will get into if your really doing deals are partnership disputes.. those are common. 

I suspect that you would have a tough time defending it in an audit or other civil/criminal proceeding.