I would be adding that to my yellow letter.

You can't be added to an owner's policy, when the "owner" no longer owns the property.Mike

If you have specific clauses they can be added as addendums.

So that may be adding to many new members continuing to post the same questions over and over

Of course if you buy a non-owner property correctly it should not effect your ability to buy the next one because even on a full doc loan the depreciation, taxes, interest expense etc can be added back in which typically at least comes close to break even from an underwriting point of view which does not lower your borrowing power.  

No external entrance that faces a road or street shall be added to either theprincipal dwelling or an accessory building.3.

The house needs the works, updated plumbing, electrical, new roof, floors, the kitchen needs to be opened up and a new bathroom will be added to the other two that also need to be totally overhauled.

From what I've read, the normal interest rate received on the liens they purchased (in Kentucky) is 12% - so what kind of additional premium on top of that should I expect to be added?

They asked for the leases for the first property, which surprised me since they will be adding the mortgage for this property to the 'debt' portion of our DTI and shouldn't need the lease info until we've had 2 years of tax returns showing this property, at which point they take 75% of the total rent subtract the PITI and count that amount towards the income side of our DTI.Kelly

The trust will own the assets for the next 10 years and it approximately $100k per year will be added to the trust during this time.