I’m also 99% sure most lawyers have some insurance to cover such situations,  Errors and omissions insurance?

My contactor is licensed bonded and insured and he called the neighbor offering to cover the cost of exterior detailing of his car.

There is a limit you can do to raising the price to cover closing costs and buyer broker commish..

I currently have a $2 million umbrella policy and would like to get a policy that will cover me in the $3 million to $6 million range.

The company I mentioned before (iMortgage) does $35K max VA renovation loans that can be used for any kind of renovation, similar to the FHA 203K Streamlined loan.This means the only base I haven't covered is a renovation loan that allows for more than $35K (not new construction), similar to the Full FHA 203K loan and the conventional Fannie Mae Homestyle renovation loan.It took looking around a lot to find just the two I've found so far, so it's hard, but not impossible to find lenders.  

You cannot discriminate against the origin of the income and if there are vouchers involved income should make up the remainder of rent due not covered by the voucher.

Make sure there's no rent control and try to cover your a$$ before you buy so you're comfortable and cut out risks.

$20k may cover closing costs but you'll need a lot more money to buy a rental.

For the property managers in the audience... when setting up a property management agreement, what would you consider to be the best way to handle fees that aren't covered in the monthly management fee?

If property insurance, it should already be covered by your insurance company and you can ask them to add loss of rental coverage.