Assuming you are doing a typical knock down, which is Not 100% coverage(there are small spaces between the new "blobs" that are knocked down) the small void/flat areas will show the old orange peel on the old walls.

@linda@Linda Lin You should be worried if the borrower can cash-flow both liens.The debt service coverage should be at least 1.25

@Mark FergusonIts $500 for first $30,000 coverage, then graduated up from there.

(These policies are very expensive and provide poor coverage, but its all you can get in situations like this.)

You can likely Google some stuff for some examples but I would caution using those at face value as they may be incomplete in terms of concept coverage and details to protect your interests.

The trick is getting DTI (or coverage ratio, depending on the bank) stay as controlled as possible.

57.Send mailers, ads, business cards to Insurance Brokers: Policy changes from owner occupant to landlord or vacant house coverage. 58.Recruit Mail Carriers to notify you of vacant properties 59.Send mailers to Owner of multiple properties (target them to offload portfolios) 60.Post advertisement in PennySaver type papers: We Buy houses 61.Send mailers to Water, Gas, and electric company shut off lists 62.Or, just buy leads from (FastHomeOffers.com)

i just want a basic coverage (fire/liability??)....

I don't know of any publication (guru book) that is current or comprehensive that can be relied upon.

The answer is "it depends".A general contractor will be $30 - $50 /hr {usually will rebate the time against any work that comes there way}.The engineer who does my building inspections charges me by the day, but it usually works out around $100 - $150/unit for him to do a comprehensive crawl through the entire building.Environmental / Fire / Structural engineering firms can be $100 - $500/hour ... the more specialized, the higher the rate.