There are also a few troubled subdivisions over that way, too, with lots of foreclosures and lots of renters, so I can't make a blanket endorsement; you've got to evaluate each one.  

If your CPA does endorse an S-corp, make sure to ask him about changing your business practices to comply with S-corp rules.When doing distributions, remember to leave enough money in the company account for future expenses, including paying the CPA.If you're planning to dissolve the company, I recommend prepaying the CPA before dissolving.

Services You Can Shop For $2,745Home Warranty Premium (Optiional) $550 Title - Closing Protection Letter $50 Title - Lender's Title Insurance $1,065 Title - Lenders Endorsements $475 Title - Notary FeeTitle - Settlement Fee $455D. 

Your borrower should have purchased a vacant dwelling policy with course of construction and builders risk endorsements, @Raj G. . 

In a market where rents are depressed, the RC will often be significantly higher than the ACV.The problem with ACV is that, on a partial loss, the claim, under an ACV basis, has a deduction for depreciation.You will have to kick in for the deductible and the depreciation.If your Rental is in good shape, updated systems, well maintained, etc. the rates from some companies with onlyRC may be equivalent to others that will only do ACV.I just wrote one in CT that one of our carriers for $400,000 RC was $100 less than the next best rate which was based on $110,000 ACV for the same property.There are many endorsements that are available on the Homeowners policy.

You can bypass this by 1) Bringing someone on your team that has it or 2) knowing a good lender or broker that can "endorse" you. 

If you want to do it before renewal, have an endorsement issued on the policy for the additional insured. 

Make sure that a property manager is willing to manage it before you buy (even if managing it yourself - a property manager's endorsement will validate that you are in a decent area).

You can check out the store, https://www.biggerpockets.com/store, which has books endorsed by BP that cover a wide range of topics. 

I'd also give a strong endorsement to @Scott Meyers as well.