It's vitally important to know who you are working with, and have the history of the players involved.

Being that you're next door in California and can easily get out here, and have a vital team member in a contractor, your 350k will do just fine out here. 

He was waiting on a loan modification that would lower his cost basis to $200k.

Losses arising from illegal acts will not be covered, if the insured was involved, if it was a tenant and without your knowledge, they will probably pay, at least they do here.One other thought, changing a property after the property was underwritten might be a problem, but again, I would not be concerned about a garage conversion, but if the modification would materially change the premium or the policy or increase the risks transferred to the company....you should notify your agent of any additions made for a determination.

After calling Fifth/Third bank almost daily for months I convinced one of them to give me realistic loan modification terms (you should've seen their opening offers) with the new job in mind. 

Some of these will be able to do loan modification, and many more will be able to sell because of low inventory and high demand.

I'm married now with a son and don't need as many relationships but at your age it's vital.

They typically handle customer service, collections, loan modifications, and foreclosures.

(The quality of work is a close 3rd after those two vital things, LOL).Thanks

That's just so I can make sure I don't get a tenant saying they told me of a repair verbally that they never told me about.)Who changes light bulbs, air filters, smoke detectors What happens if you put the place on the market-- how you give them notice to showClauses allowing you to enter to show or repair propertyClauses disallowing permanent modifications to propertyAlterations and improvementsNo wall paintingNo cabinet, house, crown molding, floor painting or modificationsNo remodeling or repairs by tenantCleanliness, kept in good orderTrash removal, city trash pickup rulesSnow removal and pest control-- who does it, who pays for itNo exterior projects on property, no satellite receiversNo exterior advertisements, signs, or projections (area rule)No outdoor storage sheds, interior furniture, debris, junkDelivery of premises, condition of premisesSecurity-- strictly responsibility of tenantCasualtyIndemnificationLiability for Loss and Damage-- damage or loss to person Abandonment with unpaid rentNo changing of locksRecreational facilities-- at own riskParking-- at own riskTenant Insurance-- strongly recommended at own costNo excessive guests or noise that disturbs quiet enjoyment of neighboring properties.