In some states the annual fee is close to $800.

@Paw Nouri Maybe in your area they will cover damages but not in Maryland.

@Daniel TrippettThe subject has been beat to death in many different threads here on BP.

The provisions in the second contract govern the final close so you have to check for discrepancies that would invalidate your contract's provisions with the seller.

Pretty normal numbers for low income duplexes in Cleveland.

Every single surface in the house was redone/replaced.

We had the best luck with a local bank in the town that we invest in. 

Some lenders may also want to see law and ordinance coverage in your insurance and perhaps a rebuild letter from the city stating that the property could be rebuilt as a residential 4plex if destroyed. 

I plan for a time when they can be there and check in and make sure there aren't any maintenance items they haven't told me about.

It happened to me in the past and they corrected the issue.