Hi,I need your help understanding Wells Fargo (and other lenders) policy for renting the home in California.We got a 30 year fixed loan from company-XYZ which sold it to Wells Fargo; my family and I have been living in our primary home for 4 years and 5 months.

The bigger issue with tax sales is that you may find it hard to get clear title until 1 year has passed as most title companies don't want to issue a policy until the homeowners right to appeal has expired (in CA there is no right to redeem, but they do have the right to challenge the validity of the sale).

I think safety and accessibility are higher priorities.  

As far as rent control ordinance units up to and including 4 units are not subject to the rent control ordinances but are subject to the rent reasonable policy.

What type of insurance do I need for my business and will that cover a house once I have it under contract or will I need an additional policy for that property?

I believe he used polyurethane foam to seal the holes which were typically in corners or by the radiatorsFrom a safety standpoint should I be concerned?

They ask for common sense safety issues to be done right, in my experience, nothing I would argue or complain about.

When we got our original policy for our rental policy the agent said it was the best "Cadillac" of policies.

It is the policy of many managing brokers to not be party to such deals because they are muddy and the sellers can get mad when they find out that someone made money on the deal.

I have a basic homeowners policy on my rentals but no liability.