If the property has a mortgage/lender, and the loan amount is greater than replacement/rebuild cost for property, is it better to have insurance coverage for the loan amount or the replacement cost?

We are getting quotes and I see that some brokers have quoted personal lines coverage while others have quoted commerce lines coverage. 

And, there seems to be room in the home's equity to allow for a comprehensive rehab. 

It is by no means comprehensive but it's a start and will get you educated on this.

Look for an insurance that has umbrella coverage to cover you as a landlord.

I am talking about a comprehensive checklist that covers EVERYTHING.

With comprehensive applications -- including pulled reports from TransUnion and nationwide criminal background checks + credit score + full credit history breakdown + eviction history -- the right platform should make it as seamless as possible for you if you're managing on your own.

Additionally, take a look at the coverage area of the particular Redfin agent that would be covering your home.

Don't quote me on this but I have heard in the past that off base housing allowance comes with property destruciton coverage as well. 

Crazy......Glad you liked our coverage on Clayton Morris.