Earlier this morning I sent a message to my CU's mortgage loan officer asking if they would cover log siding.

They want to ensure that the property NOI is amply covering your debt service, and therefore able to cover the yield on the mortgage bond / MBS.As a quick example, let's assume that your property NOI fell significantly, because you decided to simultaneously renovate 25% of the units all at once (taking them offline, and causing NOI to sharply fall for 2-3 months).

If I hold title in the LLC they want to sell me yet another vacant land policy, but If I held title in my personal name my primary home owners/ umbrella would cover it.

We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

It seems that with house-hacking, it’s possible to cover my mortgage living in 1 unit and renting out the other 3.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

When I asked what this means I was told they will cover the rent even if the tenant wont pay since it's a "Guaranteed Tenant".

The flood insurance will cover limited, structure may or may not the contents.

If you’re considering financing renovations, look into renovation loans that cover both the purchase and improvement costs.It sounds like you're making progress in navigating this situation thoughtfully.

Keep in mind that Section 8 tenants generally pay 30% of their income toward rent, with the rest covered by the voucher.How Long Until Move-In?