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!

What we do at the bank and with most banks is either get your builder approved or we can provide you a list of the already approved builders that have built successfully under the program.If you trying to get started the first thing is get your Pre-approval set up and start the processing.

I received an insurance payout for a damaged roof on a rental property and the contractor doing the work is offering a discount for cash payment.

Purchase price: $7,230,000 Cash invested: $1,807,500 63 Unit Multi-Family Asset in St.

@Debbie Palmer you can rent out your property when you are traveling provided you comply with local regulations. 

We were able to overcome it by providing proof that we paid, and were completely responsible for the loan and had recorded documentation to prove it (letter to lender attached below -  (side note this was for a VA loan so we used an agreement for sale in this case). 

Open to being corrected if I’m wrong, it happens.In that case, where tax code doesn’t specifically provide support for a scenario we need to rely on other secondary sources - hence the Pub reference.  

If its done right from the beginning yes it adds a great layer of protection, but again - most do not do it the right way so its not providing any benefit.

@Gustavo Alvarez is see there are other lenders that have responded to you and have provide a general overview that I agree with so I won't repeat. 

I am very well insured and I have no problem with providing my management company with whatever proof of insurance they require.I am very pro-active about my insurance coverage on my sfh's and I am always watching out for any liability issues.