If the part you are renting is a separate building (ie. garage apartment) there are endorsements that can be added to cover that situation.  

We do carry an endorsement on our homeowners insurance for the rental, and it’s very inexpensive.For guidance on applicants, leases and background/credit checks I highly recommend Rentprep.

Minh L. am in no way endorsing mreits.

I know from your articles that you really endorse the relational aspect of this business, and I totally agree that working with good people/companies is of utmost importance!

That said, my suggestion is that you write a letter of endorsement for this young couple you'd like to help addressed to the executive officer(s) and underwriters in any lending institute this couple might be willing to provide or share with you.

I had a business in an LLC, and the insurance is under the LLC name, with an endorsement covering my wife and myself.

His web site is www.realestatetaxlaw.comI have no dog in the hunt to endorse any of the programs I have mentioned here, if there was a better program I would switch in a New York second.

That is why I suggest a side escrow for the balance and only expose what is needed for contract escrow better to only have to inter plead 20% than 100%.I do agree and endorse the larger contract escrow offer of 10% or 20% to show your serious.

I spoke to my agent about it as I operated thru an LLC, and she explained my policy covers the LLC, and an endorsement also covers me.He was sued for $2,000,000 and the lawsuit lasted a while.

What better endorsements then that!