You would then have to get a Letter of Environmental Protection, which will lower the value of your property and raise your insurance rates.Deleading generally costs $3000-$5000 per unit.

Looking for insurance on a 4plex near Co.

Also, FHA short sales issue a ATP with a designated NET proceeds required.

What about charges that don't generate the same type/amount of tax deduction -- I pay my health insurance with a credit card, but I can't just take a Schedule A deduction of my insurance premiums. 

Do I just call a bank and ask for a list then proceed?

You know the number one reason to use a home inspector is, well....let's be honest, because a bank or insurance company is making you do it.  

I am on Bigger Pockets to learn how to turn my extensive contacts and vast experience in Insurance industry and ministry into a lucrative Real Estate empire one step at a time.

Also, when you obtain your insurance it will be land lord insurance and your insurance company should  provide you with some liability coverage (300k?) 

If anyone is wondering why I have to borrow the full $500k it is because we were underinsured due to a combination of my lack of experience with commercial property and our insurance broker not properly advising us on what the policy amount should be.

Are there any qualifications that they do need, such as being licensed in the city, or having insurance?