But, using the investment calculators here and on other sites you should be able to accurately predict your Rent to loan coverage ratio.

Doug,I actually have a pretty comprehensive list of all the REI meetings (REIA and non-REIA) from Hillsborough to Citrus.

It seems to capture more of the "why not, sure I will list" type idea than a comprehensive plan to liquidate the assets.We have worked with Sellers liquidating their portfolio and every so often, the loans we are working on are listed and remain listed even once we are engaged.

What you have is an option to buy a policy in the future at a 90% discount of the stated coverage amount.

If it's a good reputable insurer (and he had enough coverage to cover the damages), you should be "made whole" by the insurer.

I would only buy if I got full coverage of debt service with none of my money.

New insurance policies coming out for sink hole coverage, heard about it as lender's requirements.I turned from a blind corner the other day and almost hit a golf cart on the street here, club course is 2 1/2 miles away, I'd go nuts driving in a community of carts running around, I guess they are better cart drivers.

Obviously they have a vested interest in over-estimating your repair cost in order to get you to pay for more coverage.

You may indeed need a variance for setbacks, height, lot coverage or footprint, but fundamentally, that "shack" is a SFR on a legal, nonconforming lot.

Also note that both builders risk and vacant house are 1) much more expensive and 2) have much more limited coverage.