You will need a commercial narrative report (commercial appraisal), possible environmental report and the land may need top be surveyed to get the proper ALTA endorsements from title.

We haven't actually done this yet though, so not endorsing it yet :)  

Unfortunately in NY, I was advised litigants sue you and the LLC anyway, so insurance agents I used say that I have to get insurance for my LLC, and in addition an endorsement that covers me personally.

To protect yourself from Liability claims from the tenants, you agent needs to endorse the Homeowners policy with Landlord Liability.

I am not endorsing any of them but it is a good list to start. https://www.biggerpockets.com/...

With a conventional loan the lender takes charge of doing all the services such as title search, title endorsements, etc. 

Once you start work on the property you may have to change the Liability coverage or endorse the policy to reflect the new use. 

Especially if he can't provide you with official (and endorsed as original) orders proving what he is saying. i'm 100% for taking care of service members, but I'm 1000% AGAINST service members pulling the "my command said" card, or "I'm in the military" to slime out of things they committed to. 

This endorsement can help offset costs of replacing a furnace during the winter if there is a breakdown.

The idea is to pull the most accurate comps.This isn't a ringing endorsement of CoStar since their other products are expensive, but at least for now, apartments.com is still free and useful.