What if no other insurer will provide a new policy, but my lender requires full ongoing coverage, and would treat a naked situation as a default, meaning immediate loan repayment or foreclosure?  

His name is on the construction loan and it is secured as well as the cash to purchase the property came from a heloc from his personal residence. 

Essentially purchasing and converting a single family home into a home that will house 8-16 seniors and provide caregivers, etc. 

:🔹 Map Your Touchpoints: Reach out at optimal times, provide pertinent info early, and maintain the right number of touchpoints.

This way, I can secure financing through an FHA or conventional loan.The land and house have been on the market for some time, so I'm confident the owner would be open to negotiating.

However, considering this will also be used as my secondary residence, I'm drawn to the security and amenities condos offer, and once I've secured this condo, my next investment focus will be multi-family properties.I'm curious about the current condo market in Stamford.

Some properties, especially those with Accessory Dwelling Units (ADUs), provide opportunity to break even or cashflow with lower down payments.Out of state (as well as Upstate NY) investing is appealing when taking this all into consideration.

Although in Canada it was/is the Ensuite room. and even here on Biggerpockets one lady got on about how she is lobbying in the state of Indiana to have the term Landlord removed from the vernacular and replace with  ( Housing Provider)  the thought being Landlord denotes Lord of the land and superiority over the tenant I guess is the point. 

An Umbrella policy provides additional coverage if the limit on your Homeowners or Auto policy is exhausted due to a covered claim. 

If you have reserves, can you invest the money that provides a better NET return (after tax) than putting it into the down payment3.