Working on a similar project right now, so I would recommend also looking at windows, isolation, sound proof flooring, fire safety (stairs) and the elevator.

I would do a landlord policy.

Their pricing of commission policy is frowned upon.

Testing seems to really be concerned with the Construction Business Practices, Safety/ Building Codes aspects, as opposed with trade skills specific information.

I spoke to their code compliance supervisor and also their business office, they told me the same, they will discount 90% once it passed inspection.But you are right, not in writing, they could change their mind, policy could change, they could have misunderstood.

Use a warranty deed conveying a half undivided interest, go to a closing company, get title work done with a new policy with both of you as the insured, change you hazard insurance policy as to the insureds. :)

If you have enough to do a deal and a bit of a safety net, you have enough to get started, and will learn and be experienced in no time.

Maybe even 3+% rates on 25am, but the rate locks will be 3 or 5 years before ARM.So You lose the safety of 30 yr rate locks.If the existing mortgages are Conventional, then I would immediately join a Credit Union and check refi options, especially on the 6.5% loan.

I would love to know some good insurance agents, brokers, or companies that issue landlord policy in Houston too.

Kicking the can further down the road and only pushing the inevitable into the future.There is to be a $25 surcharge for a flood policy on a primary home and $250 surcharge for secondary homes.