@Steve B. could you please expand on why everybody should have an umbrella policy?

The added bonus with this route is that if you end up buying the property and getting an Owner's Title Policy (VERY much recommended), they will often convert the O&E to a Title Insurance Commitment and credit the cost of the O&E toward the title insurance policy.

We have 5 young(ish) children that will be on our policy so not looking for "catastrophic only" but good, comprehensive health coverage.  

The same thing for Title on our contract we had the seller paying 100% for the owners title policy, which apparently covers the title policy but not all of the fees associated with said policy (Mortgage recording fee, Endorsement Fee, Messenger Fee, Sub Escrow Fee, Mobile Notary fee).  

They will only do 80% LTV of contract price or appraisal (whichever is less) by the letter of their policies, but on our last deal (4 months ago) the one did 80% LTV of appraised value, which came in significantly higher than contract price, giving us about $20k cash out for remodeling expenses.It is certainly a touch-and-go market with the well-established players who have good credit and a clean history still able to do deals.

Having a great insurance policy is also another layer of protection.As far as husband and wife, 50% each is fine.

While i may bemoan some of the pro-tenant leaning policies that are getting put in place, it sure does make real estate values go up. 

Of course none of that means anything unless it is written into the mortgage but knowing the policies from your lender can help.  

I gave her a 3-day Notice per our lease and policy.

In a standard real estate purchase and sale, the transaction is closed by a title company, a warranty deed is used, and the buyer would get a title insurance policy.