I just got quoted minimum coverage from state farm for a $900,000, is this common?.

In Carol's scenario, I am assuming that Networth Reality are just being Wholesalers themselves, and have only got the property under Contract from the original Seller.

A HELOC for example is a common example of this.

For investment properties you should be using private/hard money lenders, but if it's a primary or you have a long window of time to secure the financing then traditional may be the way.Overall, it should be easier to get approved via creative financing though as there are options and workarounds for nearly every scenario (they just may cost more the more creative you need to get).

The technology is there, but it is hard to find hvac installers in Chicago who "get it" since heat pumps are not common here yet. 

Let me know if you have any questions or would like to review any scenarios 

We are dealing with a similar scenario here in Houston. 

That is the ideal scenario but sometimes the communication doesn't happen or things get broken unexpectedly.

Definitely speak with lenders on this exact scenario for short term rentals.

Worst case scenario, I can take control and sell one of his property to pay lender, right?