@Jay HinrichsYes and pretty expensive, $10,000 to $20,000 depending on market coverage.

A lender may also want stronger debt coverage ratios and be tougher on appraisals because they will have more work involved securing several  properties if things go south for any reason.Your loan amount is rather small for a blanket loan, you should have better luck with a small lender/bank or regional bank as many larger lenders may want a minimum loan of $500K or 1M.  

@Flavia Vangelotti With your expressed concern for cash flow, I suggest considering a Debt-Service Coverage Ratio (DSCR) loan.

Currently, we have a commercial policy with State Farm but when our lawyer reviewed it, she recommended we increase our medical liability coverage.

It's just 40%-100% more expensive than last year.One thing I'm seeing is that carriers are limiting "loss of use" coverage.

If one person is out for any length of time, we usually have coverage for that person. 

Research comparable properties in the area to gauge pricing, rental rates, vacancy rates, and demand.Property Insurance: Obtain quotes for property insurance to understand the potential costs and coverage options.Survey: Consider getting a property survey to confirm boundaries, easements, and encroachments.Due Diligence Contingencies: Include due diligence contingencies in your purchase agreement to allow time for inspections, assessments, and resolution of any issues uncovered during the process.Risk Assessment: Identify and assess potential risks associated with the property, such as market volatility, tenant turnover, maintenance costs, or regulatory changes.Exit Strategy: Develop a contingency plan or exit strategy in case the investment doesn't meet your expectations or unforeseen circumstances arise.By thoroughly conducting due diligence, you can minimize risks and make an informed decision about purchasing the property.

I am trying to find someone who I can consult about the HOA coverage for Townhome fire damage..

I agree that the umbrella coverage is super important, and I always advocate this when talking to my buyers about insurance. 

If your insurance coverage isn't enough, they could seize the LLC assets, but not your personal assets.Additional thoughts:1.