Also, the deductibles I experienced were in the $5,000 range so a separate tool policy or inland marine endorsement may be appropriate if you supply some tools/materials but not enough to warrant filing a claim given the deductible.

A ringing endorsement!

Annual Mortgage Insurance Premium (MIP) Applies to all Mortgages except:  Streamline Refinance and Simple Refinance Mortgages used to refinance a previous FHA endorsed Mortgage on or before May 31, 2009  Hawaiian Home Lands (Section 247)" Take that in conjunction with the fact that on the first page of the Handbook, Section I-A says this "The requirements outlined below in subsections 1 through 9 apply to both Single Family (one-to four-units) and Multifamily Mortgagees." which means that the FHA considers 1-4 Unit multifamily buildings to be under the Single Family umbrella.

@Peter MckernanYes indeed I have set standards, which, for now, is Credit score 600+Revenus ≧ 3x rentGood feedback from previous landlordNo recourse against themI would accept an applicant with a credit score sub 600 for lack of credit history and/or first time renter (non landlord feedback) if they have an endorser who meet the requirement.Like I said, screening process is in process for both of them, but there's a good chance they'll meet all the requirement :/ Of course I would like to rent to the second one  because he want to stay a long time.

I've already asked all my insurance brokers and none of my dwelling/fire policies cover this or offer an applicable endorsement and umbrellas only extend what existing policies cover. 

The same thing for Title on our contract we had the seller paying 100% for the owners title policy, which apparently covers the title policy but not all of the fees associated with said policy (Mortgage recording fee, Endorsement Fee, Messenger Fee, Sub Escrow Fee, Mobile Notary fee).  

Shawn Davis Congrats and look into ELPs Endorsed local providers for an agent on Dave Ramsey's website or look up Zander insurance

Most endorsements for Turn-Key are from Turn-Key providers.  

[AFFILIATE LINK REMOVED BY ADMIN] He is being endorsed by our real estate club president's mentor here in Los Angeles.

All due dilligence should be conducted prior to settlement not post settlement.There is tons and tons of confusion from folks on assignments and endorsements.