For context, I am a doctor with a stable income and was able to put 20% down comfortably to avoid insurance.

My question was more general but I have seen that document for Virginia Beach before.

You must be aware of this fact to insure that the property remains a good investment. 

- or should I have the owner of the unit below me file a claim with their insurance?

This would allow you to put 3% down on FHA loan and rent out the others to offset, hopefully cover, your mortgage payment + taxes + insurance. 

Documentation is Key Gather all the communication you've had with the contractor, records of payments, and any information about the work done.

Hello,I am in the midst of a mortgage refinance and I am done with initial formalities, signing the initial disclosures and providing the documentation and so far happy with the terms and It can take 30-40 days to close from today.

As acquisitions have slowed, there is much more focus on the day-to-day, including a lot of chatter about OpEx and the biggest issue for most fans of the Southeast: insurance.

Those that respond “$0” or something ridiculous, you can request income documentation from them to justify.Don’t be afraid to share with them how much your property taxes & Insurance increased and that YOU cannot afford to absorb them.ALWAYS get an increase or something of value annually or tenants will start thinking they should never have an increase, making future increases that much more difficult to negotiate.

They are typically chasing the insurance carrier as that’s often the easiest source of payment available.