., there is the delayed financing exception that could be applicable to your situation, but you've already waited 3 months so I'm going to suggest it might be easiest for you to just wait the second 3 months to bring you to the six month mark.At this point you can refinance using current market value.When the appraiser shows up, provide paperwork documenting all of your improvements (excluding any improvements that need permits, that you didn't pull) and, assuming you didn't do any unpermitted work, go ahead and share the old appraisal with him.

Insurance is roughly $1,000/year.

LOLYou didn't share what type of investment property you will be purchasing.Little residential houses do not blend well with lenders or insurers.  

Hi Everyone,My name is Cristian Sipa and I'm a partner in an Insurance Agency based out of Anaheim, CA. 

Always do the math analysis and try to look at your prospective properties before you make an offer or at least have a clause that will protect you for some time (usually about 15 days) to make a detailed inspection and possibly back out of the deal without a penalty that will hurt you too much.Right after you close on an improved property get an insurance policy that will protect you if there is a loss.  

What type of insurance should I carry?

My understanding is that the property owner needs a written document about the transition happening.Is there any standard procedure (e.g.

Id like to get title insurance on it so that i can sell the property in the future.

Id like to get title insurance on it so that i can sell the property in the future.

Thank you Matt for the nice write up.I'm available in the Cleveland market to take on more clients.I come to the table with all of my Insurance info, BBB info, references, ect.Drop me a message anytime.Neal MahoneyCloverleaf Drywall and Construction LLC