I let the original borrower know they needed to update the lender on the new insurance policy. 

Things wear out over time, require updating, upgrading, replacement etc..

Slowly working on updating and upgrading the house.

Very simply, large corporations pay into the tax base of that local community and that revenue is used to improve the community and make it a more attractive place for people to live.

Replying to this thread that’s 6 years old to see if anyone has seen an update in the law? 

The new law eliminates the corporate veil for LLCs.You should purchase the maximum liability protection you can get on the property policy.

@Diana Teng there are a LOT of potential pitfalls:(So, it's vitaly important to not just find someone that you think you can trust because they tell you what you want to hear, but you find someone that their processes seem a good fit for what you want.EXAMPLE: we do BRRR Turnkeys for clients and take numerous vides we share with them - initial, worst state of any demo, when HVAC, plumbing, electrical update BEFORE walled in, before any major payouts and of course a final walk-thru video.One thing that's accurate from all the HGTV renovation/flip shows is that you should expect and plan for surprises!

If you update to max number of conventional units, you will be able to add an ADU for each conventional unit

I did that out of necessity with my first 2 houses and was able to buy in a nicer neighborhood than I could actually afford because they weren't updated. 

Just ensure any updates comply with Pennsylvania laws and are handled transparently.