You should always consult an insurance broker when you consider one of the more powerful breeds inhabiting your property.

I recently drove to the property and it appears that the building inspectors have deemed the property as condemned due to a water leak which is the result of the $7k unpaid water bill, which according to them makes the property unsafe and inhabitable.

This inhabitant, and all their stuff, is gone, prior to close, or you walk away.Put this on the seller, and make your own way with a fresh start on the property.

A Landlord policy will not cover if you are inhabiting the unit yourself as well.

Consider this: the average lesser inhabits the property for 2.5 years.

Property inhabitant has a habit of paying combined, partial or late payments and falling short for the year.

.- If there was a fire or some type of natural disaster rendering the property inhabitable, you would be required to refund.- If the tenant moved out, you are required to make best effort to rerent.

Purchase price: $62,000 Cash invested: $145,600 This is 8 units that at time of purchase was not inhabited for 3-5 years.

That being said, however, is the property in habitable condition?

I'll look at the lease and see if it says 5 inhabitants or 5 rooms.