Check out this episode on insurance:  Episode 22: What in the world is going on with homeowners insurance in Louisiana?

We never had a terrible problem with huge parties - I have full-time homeowners on both sides of me that keep an eye on things - but I did have some problematic guests when we had a 2 night minimum.  

As I tried to explain in my last post; I'm talking more about the 'retail' side with your average joe/jane doe home owner/buyer who knows next to nothing about this business. 

The attorney works for the bank, not the borrower (homeowner).

Many investors, like myself, just hold TItle personally with homeowners/landlord insurance, umbrella policy, and keep the property in good repair. 

Also, there are no coverages for the most common homeowners' losses like water backup-- it's just standard coverages.3.Youshould get insurance as soon as possible -- there should be insurance on thecondo at all times.

Taking action today that involves a significant hit to your credit score could increase your auto / homeowner's insurance premiums and increase the interest rates for new  loans for an auto or property, etc.In fact, some opportunities may close to your altogether.

Also consider that if the mortgage isn't being paid they will add forced placement homeowners insurance on top which is very expensive.

If you have an address, you should be able to type it in on the county site and find out who the homeowner is..

I know in Washington state a home owner can do their own work including electrical and plumbing, but as you pointed out has to live in the property for 1 year after completion.If you get licensed as a contractor (in WA state it takes some paperwork, filing fee and insurance/ bond, no test, no experience etc.. )  Then you do the work under you contractors license and no holding period needed.