Or this is a non issue if insurance coverage is not taxable.Many other thoughts and input.

Should I be concerned the bank may have issues with this? 

Also, check for prepayment penalties or clauses that could cause issues.

All existing STRs with 2 days rented in the last year will be granted legal non-conforming status.  

If the purchase is done in cash, as you mentioned, they’d have more flexibility, but they’ll still want to carefully consider the tax and legal implications of the subsequent sales.I hope this helps, and good luck with your client’s deal!

Double check your lease, all the legalities and still check with the landlord....

The lender even quit communicating with me, which I did not think was legal.

And never being “at risk” is it even sufficient to legally bind a seller?  

Any potential or existing Broadstreet investors should be aware that the SEC recently filed a lawsuit against the fund and its principals and asked the court to issue a temporary restraining order, appoint a receiver, and order an asset freeze.

Go as high as you can go legally. 4.