You can prove the leak is fixed.In my experience with different water companies, they will credit you the leaked water amount.Then, if this is a no go, pay the extra water bill and keep proof that you paid it and why.

Who knows if that is true or urban ledgend.HUD (Housing and Urban Development) the people who bring you the lending industry, seem to think it's okay.It's line 503 on your closing statementClick to enlargeYou can click on my website link below and see a whole slew of Subject Tos we've done I'd be happy to answer any questions  With respect, there is a difference between having an available line on the settlement statement versus approval of any action.   

I don't know if States have different laws, but that is something you would have to ask an attorney.

Considering the option of tear down and build a new house, I was wandering if there's an average percentage difference in insuring a new home vs an older house?  

Finding one with positive cashflow is a different story. 

Different strokes for different folks. 

I invested in  real estate in different states and considering invest in WV and may be moving to Lewisburg...

I guess from an appraisal perspective it could be a different story...Thanks for reading and please share your thoughts and comments! 

That is a pretty big difference overall. 

Definitions can vary and be fuzzy lender to lender, program to program, and differ between "first time homebuyer" and "first time investor"