First off, it's only a problem for you if it generates a complaint to whatever board/committee/agency oversees these things, and that complaint usually rests with an interested party (either the actual property owner or a tenant of the property).

Something like umbrella policy or rentals held in LLC or corporation.  

With that, you can write you own policy regarding.  

I have a property that is full rehabbed looks great but in a rough area of town.I purchased the property through my wholesaling process but decided to rehab it.I have a couple that is willing to put down 20% and pay off in 60 months, the numbers work great.They will pay the taxes and insurance costs.I now want to go to my lender and get a loan against the property pull that money out and do it all over again.Because I will hold legal title till after it is paid off and because I will have my lender on the insurance policy how do i structure this deal and what is this type of deal actually called?

My question is, if the existing lease doesn't mention late fees, am I able to set the policy myself?

NFCU has the same loan policy, but they waived it in my case.I'm currently at 100% utilization, and my credit score dropped by 20 points [my overall utilization is 10%].  

Turnkey investing is very dependent on the market the companies are located, level of involvement desired, policies of the companies, pricing, warranties, and whether they have in-house property management.For example, the seasoned turnkey companies realize that their demand is driven by investors looking for a safe, consistent return.

I've owned this property for a few years now and when I secured insurance it was done as one single policy.

@Les Jean-Pierre Typically, there is coverage for unauthorized repairs under the "vandalism" peril of your landlord policy. 

Or is it two different policies?