I would love to connect and talk shop someday!

We bought the property seller-financed with power, a small bathroom/laundry building, a 40x60 metal shop building, an RV pad with 'full hookups' (power, water, septic) and not much else.  

In fact many properties being shopped around by wholesalers are actually just expired MLS listings (properties that failed to sell on the MLS) or active MLS listings under contract by a wholesaler. 

If you use hard money loans or fha 203k loan or some other construction type loan then you will need to be focused on the finance charges and shop around.

I would shop around for one that can help you here.

It didn't occur to me when I shopped for this policy, but will our rentals even be covered due to different ownership?   

The notes are all on commercial properties (office, warehouse, shopping center, mixed use or sometimes multifamily)The properties are either vacant or occupied by tenants, not owner occupiedThe property value is usually higher than both the UPB and the legal balance, sometimes significantly higher than theNow it is important to mention that I have very little experience with issuing notes and buying performing notes.

Advanced asset protection via a complex entity structure is for most investors like wearing a bullet proof vest when grocery shopping.

Did you also try to become the Mayor on Yelp of the local coffee shop when you were younger?

Otherwise, you should work with a mortgage broker who can shop hundreds of lenders for you to help pick the best lending partner for this transaction!