If you use the same contract, you have the same coverage.  

For example, agency lenders may have specific restrictions based on market preferences and require a minimum debt service coverage ratio (DSCR).Understanding these market-specific nuances is crucial to ensure your deal aligns with the lender's criteria.I've encountered solid deals that were hindered by financing constraints.

Yes, its additional protection for short money ($500-1000/yr) depending on coverage-Will my father be able to transfer money into the LLC/Trust account without it being seen as a gift?

The move was to be in a bigger house to supplement our growing family.

We, as a Roofing Co, talk and deal with MANY clients that have aging roofs, and yes are fine, but the ins co is either wanting them to: replace the roof; pay a higher delectable; not have coverage for the roof; or drop them!

Is it hard to get good coverage now?

You can specify the coverage level for the dwelling, household furnishings, loss of use, liability, and medical payments to others.

This can involve public hearings and meeting specific requirements.Surveyor: Hire a surveyor to map the property and define the boundaries of each condo unit.Legal Counsel: Work with a real estate attorney to ensure all legal requirements are met and the condo conversion is properly documented.Financial and Operational Considerations:Condo Fees: Determine the monthly condo fees for maintenance, repairs, and other communal expenses.Insurance: Ensure proper insurance coverage for the condo association and individual units.Reserve Fund: Establish a reserve fund for future repairs and maintenance.Tax Considerations:Initial Purchase with 1031 Exchange: 1031 Exchange Basics: By using a 1031 exchange, you defer capital gains taxes on the sale of your previous property by reinvesting the proceeds into a new like-kind property.Down Payment and Financing: You're putting down $220,000 and financing the remainder at 8% over 20 years, resulting in a monthly payment of $2,593.Converting to Condos and Selling Units:Capital Gains Deferral: The 1031 exchange allows you to defer capital gains on the initial exchange.

Is it both liability and property coverage?

Also, my insurance is coming up in June and I would like to restructure so I can change the insurance coverage to the LLC.