Most lenders I've worked with will use the lesser of the current rents or market rents reported by the appraiser when calculating your debt service coverage ratio. 

If you're looking to get a condo and you purchase on floor 3 or above, I would say Flood coverage is probably not necessary.Murrells Inlet has some great things to offer. 

So, if a loss occurs while the property is being repaired or renovated, coverage would apply, correct?

Crossing the lines may not provide proper liability protection.Personally, I just kept my SF rentals in my name and got excellent insurance coverage, $500K per property plus a $2M umbrella.

They offer affordable coverage and make the often-confusing world of insurance so much easier to understand (which, let’s be honest, can be a headache to navigate 😅).

The ownership structure as indicated on the title must match the named insured on the policy to ensure proper coverage.

You might have somewhat of a case against your Home Inspector - they have E&O coverage (Errors and Omissions), but basically this is a buyer beware game.

Lenders usually determine whether properties are lendable based on the debt service coverage ratio. 

Hi Joel in Greenville, North Carolina-You have a rental property held in an LLC and you are looking for a lender who will refinance it.I would look into a Debt Service Coverage Ratio loan or DSCR loan that uses the rents to mostly qualify the refinance and less on you personally.

I would also recommend increasing your liability coverage to at least $2M.