On top of that, depending on the severity of the structural issues, you will also likely run into problems getting insurance on the property or wind up needing to purchase very expensive insurance. 

It also negates the need for insurance - although that isn't our MO. 

Understand the local permitting requirements, keep eyes on your property to avoid squatters, and make sure you have a great vacant insurance policy while you're renovating.

Be sure to hold a hefty reserve to handle on-going maintenance, capex, taxes, and insurance.

The right agent will have worked with Canadians before, will have lenders set up that can work with Canadians and will have a seamless process for management.Not only can an agent set you up with a GC, property manager, lawyer, insurance broker, inspector and everything else you need, they can analyze deals and put numbers in front of you.Your job as an investor is to vet the vendors they are providing and double check their analysis.  

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).

You payment is $2,600 plus tax and insurance.

Leave it in your name, get a new insurance policy and call it a day and rent it out

When you move forward, they should provide proof and name you additional insured.

Hey BP,I know this question has been asked often, but I've been struggling trying to find an investor-friendly insurance company.