You should have clearly documented policies on how you process and evaluate each application you receive.

In fact, it depends on the type of property you are involved with, you don't need one to buy a house under a commercial loan, 32 apartments, it would be better if you had a plan, showing vacancies, market aspects (which would be a paragraph, maintenance schedules, written policies, lease to be used and soon along with a 3/5 year pro forma.

It costs more, as it's a higher risk policy.

@Trevor Rutherford HUDs policies are national as Bill Gulley said.

Huds national policy is a 15 day inspection.

ie=UTF8&qid=1385774228&sr=8-1&keywords=buy+%26+rent+foreclosures+3+million+net+worthAuthor spent quite a bit of time talking about the S8 system and his policies.

Safety will take precedence in my first buy.

The home will be an owner-occupied duplex.What type of insurance policy should I have?

Think about your personal safety too.

When I was first in the business an inspector found an attic furnace that had been red-tagged by the city for a safety/design flaw.