If that process is too long and the Seller doesn't want go through it, then it might not be a bad idea to think about the additional title coverage.

So once we squirmed around to make it work i had them switched to rental coverage.

As long as the seller realizes his continuing liability on the loans, and that the buyer has the ability to walk away with no personal liability, this can be a great "insurance policy" against inflationary erosion of the dollar.Essentially trading equity for leverage, much depends on your projected holding period, debt coverage ratios, projected growth (positive or negative) for the particular area, etc.

we had one like that onceshe had one of those Insurance coverages that paid her cash every time she went to the hospital etc..

Some might ask you to bump your offer up to cover agent commission (which means you are really paying for it in a round about way).

Seller is motivated due to lapse of insurance coverage 3 days before Sandy hit.

@Purnell Cook it's not a matter of recommending it or not, if you want MLS access in the BAREIS coverage region you don't have a choice, it's the only game in town. 

I'm hoping to supplement my retirement and not really looking to take a "paycheck" prior to my retirement.

The commercial RE agents I know have a mixed bag of business in the market today, where leasing is a major supplement to their income.

They can be a decent supplement to your regular deal pipeline though.