Maybe structure it by lowering the taxes for a certain period of time till you sell the property to someone else.

and i assure you i know what the definitions mean.. having furniture in a house does not make it occupied however it is the difference between vacant and unoccupied. ho3 vs dp3 policies.. i could break down all the differences but its not worth it.. if no one is in the building the structure is covered as well as the liability. what else would you need?

Yes, the inside can be trashed; there can be hidden structural damage; mold; lead paint (oh no!)

Unfortunate side effect for us is that we had to shell out an extra 200 bucks to keep the rate lock.

The house has major structural issue (sadly) and will require major capital to fix. on a side note. the property is involved in some sort of fraud lawsuit!

I'm trying to determine all this , I didn't mention it in my origional post, but i'm buying a property to use as a rental (got it super cheap) and it needs a complete remodel, structure is great, but everything has been stripped out, and all the walls taken down to the studs.

I had a structural engineer look at the building and bless it off(140 year old building, so he said needs to be monitored).

Obviously the numbers are exceptional...but I am talking about the structure of the deal in general.

Each person has to decide the risk/reward of how they want to structure their investments.

How are the deals structured?