Also discuss, the optional coverages that may be important to your situation (Water Backup, Personal Injury Protection, Equipment Breakdown, Utility Line coverage,...)

Personal Injury Protection:  libel, slander, wrongful entry, etc.Depending on the location, construction, etc. there may be other coverage that would be worth considering (water backup, equipment breakdown, etc.)

I'm looking for the next investment property so let me know what the market is looking like in your neck of the woods!

They're probably much more likely to care about whether or not you're going to be a pain in the neck during the project to see if you're suitable to invest.  

You typically have the following coverage items and maybe a few added endorsement items.Dwelling coverage, Replacement cost (determined by a replacement cost calculator), Small amount of personal property coverage, Loss of Rents, Premises Liability (max 1 million), Med Pay, Landlord Personal Injury Liability.

*Bodily Injury – This is the most common coverage everyone is concerned about and rightfully so.

All the useful information have posted about financial reserves and so forth can lessen the risk of this too, but if somebody has nothing to lose, they can wreak havoc.There is the possibility of claiming discrimination, harassment, injuries from an unsafe condition and so forth.

The loss of a home, due to unexpected events which leads to financial problems are most often associated with the following life changes:*Death of a family member *Illness*Loss of job*Cuts in work hours or overtime*Retirement*Injury *Divorce or separationCan be financially and personally devastating which can lead to emotion distress and crisis.

However, FHA will lend on the LOWER of the asking price or the Appraisal so just be aware that if you are at the high end of the market and the Appraiser (who isn't going to stick his neck out for you - he will probably come in on the conservative side) comes in lower, you are faced with the decision of completing the sale or finding a new buyer.

Let me know if your down in my neck of the woods!