If there is damaged areas that had both wind and flood they may try to deny that but often it gets settled at a percentage. 

We're into underwriting and the risk department has the loan papers when it's kicked back and denied after about 3 weeks because the house had been purchased within the last 12 months.

We asked our investors and some other people in our network and got denied. 

I try to boost My posts on Facebook and it’s been denied for violating their policies.

@Michael Plante I don’t have it in writing but she’s not denying it and has admitted such to her broker. 

Manshi - seems like your question is unanswered in this forum.What you're asking is: God forbid there's a fire in the property and one or more of the two legal units is damaged, will the insurance company deny the claim due to the fact that there is an illegal basement apartment in the property.I'm in the same boat as you, and I'm wondering if you were able to find the answer through your research.

I've seen so many people pre-approved for homes then denied because they took a loan out for a new vehicle.  

Also in this case it is to prevent a lender from denying the loan on a property with knob and tube.

Be careful what you ask on an application and what you deny tenancy. 

Duplex fully remodelled to studs, all new mechanicals in 2021. 228k purchase, 10k repairs, 1250-1350 rent a side. (1250 is a good number according to property manager but I feel I can get more)-inspection done -Termite inspection (past damage corrected, Not a concern) -leases acquired for current tenants -Contractors estimate for minor repairs I asked for a Schedule E, or past expenses and the seller denied this.