Also in those older home you should really be careful on how you lay it out.

Who cares what BP thinks, only matters what the seller thinks.

This may get his attention and he MIGHT make some offer to come to an agreement with you and paying you some money. 

Be careful here; as entrepreneurs we all suffer from the fact we see opportunity on every corner.

First off, the bank doesn't really care about who is listed as long as they are the primary listed on the insurance. 

So, to compound a death in the family, and to manage an estate sale, greedy Heirs, and the fear of making the right choice need that extra special attention.   

Mostly the big cities of course, Vancouver, Toronto, Sydney, Auckland, etc so do be careful what you buy.

I have a great lady, I give her basic info about the property, she gives me ~3 options with the price and coverage I am looking for (and am required to have) and I fill out one application, she takes care of the rest.YMMV

Detailed annual expenses include:  vacancy rates, specific tax rate, 10% for property management, liability insurance, sewer, electric and gas, snow and lawn care.   

@Jessica Chow Unpermitted work is common in CA, if they don’t like to pay for it, on to the next buyer. 80% of the buyers in CA will not care about permits, to other states its the other way around probably.