I hope you're getting it at an insane discount from fair market because there are more red flags on this deal than on any deal that I have ever seen.I can't endorse enough @Roy N. 

Ask your attorney to remove the Residential Inflation Enhancement endorsement and you are good to go! 

Thank you.Insurance 1:Coverages Dwelling (Coverage A) 215,000 959.00 Dwelling Extra Replacement Cost Excluded Dwelling Extension 21,500 Personal Property (Coverage B) 32,250 Business Liability (Coverage L) each occurrence 300,000 Business Liability (Coverage L) annual aggregate 600,000 Premises Medical Payments (Coverage M) each person 1,000 Loss of Rents (Actual Loss Sustained) Deductibles Policy deductible 1% 2,150 Charges / Credits Home Alert (37.00) Policy Options and Endorsements Replacement Cost on Contents - Opt RC 74.00 Total Annual Premium 996.00Insurance 2:Thanks a lot.

.- Balance of Tenant's rent stays in the escrow account and goes towards owner's expenses, and withdrawn for the owner as requested by the owner.If the Tenants make checks payable to the Owner, can it still be deposited into the escrow account by endorsing the check?

Upon completion, lender performs the final inspection, obtains title insurance endorsements and reconciles and closes escrow. 

Definitely title costs if the lender requires any endorsements, and in states that don't provide for a simultaneous issue discount.

thanks for the endorsement!

The only other thing I would throw out there (and please correct me if I'm wrong on this, as I don't claim to be an expert in this area) is that researching a bit more it seems that in CA you may now need a CA RE Brokers license (OR RE salesperson license) WITH a MLO endorsement, which seems to be an extra test and training hours:http://www.dre.ca.gov/files/pdf/re19.pdfNot sure of requirements for other states, and apologies if this is off topic a bit.

I rarely (if I ever have) endorsed anyone on BP, I'd suggest you speak to him, that's almost an endorsement I'd think.

(not asking you to endorse my methods)