and a big one, will your insurance provider cover a claim like a kitchen fire if the kitchen was being used for a commercial purpose?

We're in our due diligence period for our first deal, but we're having trouble finding insurance for it.

For example, a water heater that had an expected lifetime of 15 or so years is depreciated over 27.5 years because it's part of the plumbing system.

Any of the 3 above and I get concerned about foundation issues or settling and it's the first inspection I have done.I also make general notes of what needs redoing so I can estimate out materials and labor.As I'm going through, I check for plumbing leaks and try light switches.

When I sent the approval letter with details about utilities, move in date, and the requirement of renter's insurance, he outright refused to purchase renter's insurance.

I believe you can also use a loan servicing company to handle payments/taxes/insurance and everything is kept track of. 

If the total housing payment including taxes and insurance are $3000/mo, then you'd have to qualify for the remaining $750/mo payment.

Ultimately our goal is to not have to do a personal loan under a insurance umbrella and have a multifamily real estate property under our LLC for protection purposes.

The advantage is that the holding cost would just be the Reno money and no mortgage,insurance or utilities.

So, they usually have better availability in the winter.The only thing that stinks about winter is dealing with outdoor plumbing issues.