I'm also now wondering if it would help/hurt to have the property in question be the actual legal place of business for the LLC, which it is currently not.

Preforeclosures – “Notice of Foreclosure” is published on the legal paper.9.

In each case a simple consistent policy helped mitigate or eliminate a legal proceeding.

It is more of a cosmetic thing and a make you feel good sort of idea opposed to something that has real legal merit.

My most expensive property policy is about $600/yr, with property insured for $160k.I am not an insurance agent, and this is not legal/financial/insurance advice.

No it cannot come to affect you after you have legally purchased the property.

Best way to deal with this (and if it were me....) is to consult an attorney and see, based on the facts, who the legal heirs are.

In regards to your final statement, I am a few months away from converting my basement into a legal dwelling for me to move in while I rent out upstairs to cover more than 80% of my mortgage.

This is a nuance to be sure, but a legal formality that allows you checkbook control.

The numbers that cannot be disputed - location, legal description, taxes, quoted insurance costs, construction type, occupation status and current rent.