The policy requires a 4-pt inspection on the property and I have found that the electrical box needs to be upgraded.My question is can I or should I make this repair prior to the closing so my policy can start on the closing date or should I wait to close?

., and the ballast contacts start to crack and go bad where the lights go in.If you are going to stay there awhile I would definitely spend more money on LED lights or similar that have a very long shelf life and pretty much zero maintenance.You want to grow your business and sales and not have to take time away to deal with building space issues down the road.

is there a certain policy or company that you would recommend?

Here's what I got so far from this post, as far as what the investing/rehabbing world wants from us:1) Transparency, an honest quote up front, that you can close with2) REASONABLE pricing, the hml can make money, but not an excessive or unreasonable amount3) Having upfront rules, so borrowers know what requirements have to be met, etc.4) Clear policies on credit scores and qualifying Comment: Although some hmls, like me, give little and in some cases, no consideration to credit scores, some do raise money from investors who set credit score minimums.My opinion is hmls should have whatever policy they feel is best for credit scores, but disclose it up front, and clearly from the start.

If you purchased owner's title insurance but did not get a copy of the title policy in the mail, the company you purchased it from will be stated on the HUD-1, and file a claim with them asap as I think the lender commitment documents stated they (and I) had a year to file if the closing wasn't done properly.

I wasnt aware lenders where getting so lose again with lending policies.

I just completed a deal here for a client where we put the property under contract with full rights to access the property prior to closing.We rehabbed it, sold it and double closed it to the end buyer.Total out of pocket expenses were zero.

Everybody has a different tolerance level of value based on rents so that is certainly subjective but 120k for $1000/mo doesn’t appeal to me in today's market.

Given the limited information available, most probably the diminished value is not too great.If you want to get a clear understanding of what your options are you will have to pay an attorney familiar with title policies to review your policy and provide his option.

You'll likely get some good opinions as other members here answer, but good golly it is a doozie of a questionI can tell you CFP and CFA certified/chartered individuals will require additional information including life goals, risk tolerance, age, human capital, lifestyle expenses, etc.