If you are trying to get a cash out refi, I would think the bank would want to see the correct type of insurance for the business you are running.

A lot of sellers are panicking, thinking the market’s going to crash, but they don’t really understand what’s happening behind the scenes—demand is still strong, people are still moving to Florida, and that creates opportunities.I own 32 properties, and I’m always tracking values—rents, insurance, taxes, all of it.

That is unless you have a JV or other equity partner who is putting up the funds immediately with no lien, title insurance, etc.

If your insurance coverage isn't enough, they could seize the LLC assets, but not your personal assets.Additional thoughts:1.

Consider whether an LLC is right for you—it can provide liability protection but isn’t essential for a single property, as personal liability insurance and an umbrella policy may suffice.

If you have checkbook control you’ll have a bank account with a bank that has FDIC insurance up to $250k per account.  

Think about an HVAC, storm damage, paying for housing if a tree falls on the roof, dealing with stupid insurance companies, etc.

Secure liability insurance to protect against lawsuits or property-related claims.

We have had one attorney contact us about one of their clients saying they never completed the form - we sent them the information and they asked us for all this other information which we ignored as we had no obligation to provide any information to them.

If you notify your lender, they are obligated to say "no".