We found a tenant for the house, allowing us to cover the monthly cost of holding the project, while we submit a comprehensive zoning change with the county, in order to allow the construction of 16 units.

Here's a few numbers.NOI - $335,998Cash Flow After Debt Service - $104,049Cap Rate at Purchase - 8.4Average COC - 17.1%Debt Coverage 1.44IRR - 15.79%I like it because there is decent cash flow from day one, no heavy lifting to reposition the property and (NNN). 

With the umbrella coverage there is nothing to pierce.I do not know if our policy on the rentals has personal possession replacement but I suspect it does not. 

-Same with repairs-Insurance is likely to be higher if you are working with a reputable company and buying appropriate coverage-PM is typically higher than 10% once you factor in leasing fees, lease renewal fees, and other charges-Closing costs I have no idea on, so you might actually be correct there.

Always review the coverage to make sure it is what you prefer, discounts, optional coverages, and deductible amount.

(CHAP, MD Historical Trust, etc)Sound proofingLandlording 101 for the student and young professional marketFiguring out what kind of Home Sense insurance coverage I needTenant proofing units, but also making them attractive and differentiated on a reasonable budgetFiguring out the right degree of home automation (wiring/full unit audio etc) my owner's unit , public/outward facing cameras, electronic locks etc (Consulting firm?

I like the umbrella coverage because it results in having a heavy weight on my team when it comes to any law suit or threat of law suit. 

Can you stretch the coverage?

So my though is to use my home inspector skills to compile a comprehensive report on the property bout about it physically, and its value with all the numbers.

@Leslie Purdy my assumption is you’re going to continue to have a difficult time finding coverage while the lawsuit is active and open.