The way to prevent it is have a 0 tolerance policy in your lease.

@Mark CMaybe consider braking it up into 4-5 investments of $250,000.It should be easier getting the desired numbers and would also give extra safety due to the diversification.Thanks and have a great day.

I own a few properties in an LLC, up until now I've always had Residential Insurance Policies with the LLC named as an Insured along with myself.

The base cabinets were ruined and the HOA master policy insurance will only pay for the lower cabinets.

No way would I use a paid service unless they were the title company.Your county recorder's office may have an access fee to get on their records if they are on line, check the county where the property is located.I do it the old fashion way, I call my title company and ask for a preliminary search, they don't charge me but they may others with a small fee, it can be reimbursed or credited to the policy.

I was talking to our banker about possibly putting up a spec and the insurance requirements and I was a little confused by his answer as he indicated that I was lumped into my consultant's umbrella policy while I pay for and carry the builders risk.

However on bare land most people do not carry an insurance policy.

Our policy is to disclose, whether legally required or not.

To buy a property with a VA loan and get started, I'd have the needed costs to close the loan, rehab costs, plus the $3K+ safety net.

I am currently in contract with a SFH and the lender requires a builder's risk type policy.