You will see I am correct! 

Is quiet title the same thing as color of title?

I assume you do not have experience, but correct me if my assumption is wrong.So time!

If my total loan amount with closing costs is, let;s say $145K I would not pay off the balance in 0-5 yrs, so I would not have to pay the PPP is that correct?

. ($85k) The ONLY thing preventing the loans from being accepted is the square footage of the house. (500 sf) Everything else about the house passes with flying colors!

though yes, the 'roofing co' is correct in one of the sentences your used.She/they are past resolving the roof leaks at this point. 

I much rather spend that money resealing the balconies and pass the visual inspection with flying colors.

@Michael MorrongielloYour interpretation of my answer is correct.

Is he correct?

If I were to take a poll of all of the investors who came before you and who  implemented similar entity formation structures I suspect at least 90% fail to utilize the correct insurance depending on the status of their project (vacant, builders risk, property etc.), fail to execute contracts with vendors, use uninsured and unlicensed vendors, fail to be added as additional insured (likely don't even know the difference between being a certificate holder and being added as additional insured).