Most home owners do not mind renovate it. 

About 1/3 of the deals fall through at their end because people "have stuff happen" in their lives like Job Loss, Lose Momentum getting credit cleaned up, Medical Issues, Divorce, "Changed their mind", Don't REALLY want to be home owners, etc.

For you that means potential fines and for your buyer it could mean a denial of an insurance claim should something happen to the property or a person working on it.

She has home owners insurance and has filed a claim because the water heater was still under warranty.

I believe it's pulling records from the county when the homeowners file for divorce.

I share my driveway with two other homeowners, I also have a town sewer line running through two parts of my property. 

These will include but not limited to: HML, contractors, title insurance companies, mortgage lender, RE attorneys, and etc...

I think the insurance plan I can rely on for the pension increases my ability to leverage myself without worrying about losing everything as much.

I'm shopping for a new commercial insurance carrier for this.

I'm also super skeptical that you can insure $1,000,000 of building value and get liability insurance for $800.Another thing that makes this hard to analyze is the missing input values, namely repair costs and equity.