You also need to carefully inspect your HOA Insurance policy - most do not cover anything on the interior of the unit, so you will need to carry some coverage. 

They are insistent that the policy be written as a commercial property, with some even requiring a $1million policy on a structure that is worth no more than $350k. 

Account Closed I was hoping to let other agents in the brokerage that I am looking for seller financed deal and maybe stir up some leads that way but of course I want to make sure I am not violating any policies.

They still took our deal to credit committee review since they were honoring the deals in the pipeline that had applications in, but I feel they found reasons to decline as they are phasing out this business in their portfolio and had easy out to not proceed.

The PM is under the same umbrella and you agree with their policies as a landlord, as well as how they find/vet/treat tenants and 3.

If they are VERY professional, they will have their processes in writing as verification that policies are enforced equally and fairly by their entire staff.6.

The rental property market in NJ seems like a real stinker given the taxation and landlord tenant policies over there.

Just got quoted double on a new policy vs a comp that I just bought six months ago.

All lenders require a flood insurance policy for the duration of the loan.

This could only limit the number of potential prospects as no outside buyers would make any offers, IF they know this is the policy and, the local courts uphold this.A typical purchase for me would be a mobile home that has been for sale for about a year.