But IRS allows an IRA to be invested in anything except life insurance and collectibles.

If you got a sight unseen, off market offer it could be a low baller.

Maybe you can call your insurance agent and they could possibly whip up a letter or something.

If you are setting aside funds for capex, taxes, insurance, or other expenses that don't occur monthly, transfer those funds to Savings each month and hold them there until it's time to spend them.

It might have been bound but many insurance companies have put those new policies on hold if the purchase has not happened due to the disaster and letting the mortgagee(lender) know that the policy is on hold.

I actually like them because the homeowners' association (HOA) usually covers most of the insurance, and there is very little maintenance required.

He may realize the offer he had was inline with the value.

But it's still...whole life insurance.

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

We use Hiscox for our insurance with our business, not sure if it works for property but its worth a try.