Quote from @Clinton Davis: Tenant should contact his auto insurance provider.

I'm as comfortable as I could have ever thought I might end up. 

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!

Or will the HD lender provide additional funds for construction?

Hey @Viji Pamudurthy you can definitely feel free to share where the property is located and more details and we can provide more commentary.

That will give you a good idea if this will work well or not.AirDNA can also provide some data for you.

I would require renters insurance and make it easy for them to purchase providing online options and suggestions to add to their car insurance, etc.

The breakdown of costs you've provided is insightful.

It contains more detailed information on investing insights, analytics, and, particularly, investing in Las Vegas.Before proceeding, note that the charts only include properties that fit the following criteria unless stated otherwise.Type: Single-familyConfiguration: 1,000 SF to 3,000 SF, 2+ bedrooms, 2+ baths, 2+ garages, minimum lot size is 3,000 SF, one or two stories.Price range: $320,000 to $475,000Location: All zip codes marked in green below have one or more of our client’s investment properties (click to enlarge).Overall Las Vegas Real Estate Market InventoryThe chart below, provided by the MLS, includes all property types and price ranges.The inventory level continued its downward trajectory, significantly lower YoY.Rental Market TrendsThe charts below are only relevant to the property profile that we target.Rentals - Median $/SF by Month$/SF showed a slight drop MoM, which is surprising considering the decreasing rental inventory and time to rent.

That is provided that you buy in the right countries and cities but the good thing is that that's exactly what you did.