There is nothing that prevents you from shopping around early to see what's out there.

. - Americans only first lien 30 year mortgage with 24/7 draw ability 24/7. - The only first lien mortgage in America that recasts interest every time you make a deposit! 

If you stick to American name brand units that are basic - no fancy sensors, doodads or anything else - W/Ds are surprisingly durable, even with renters.

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. 

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

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.

She is President of American DataSearch. https://www.americandatasearch.com/Tenant ScreeningThis screening provides you with all the pertinent information you need to make informed decisions about your residential or commercial tenants.

This is what a rep from New American told me.

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.