Basic for would exclude much more than that and are often disguised (the agent's selling basic form hope you are more concerned about cost than coverage, and many RE investors fall into that trap).On a basic form you would lose Weight of Ice and Snow, Falling Objects, Water Damage (Think broken pipes), Collapse, Theft and Risk of any other direct physical loss not excluded on the special form policy. 

Mold doesn't grow on inorganic objects.  

My second company keeps me rather busy, but investing in real estate looks promising and I may choose to shift my focus soon.As an aside, I am a digital marketing strategist my trade, so I am looking to bank on that experience as I get into the real estate investing business.

Larry,I would think it would be based on a few different factors, mostly what your RE investment objectives and style are.

Head of Lettuce Business= No competition, very easy to get, no objections from the Seller.

My objectives were:First, put a face and a positive spin on "the man".Second, show the same customer appreciation I would in any other business where customer loyalty is important.Third, celebrate Christmas.I believe I accomplished my objectives. 

While the bank might object and say the rents can be raised, that can't happen until after the $40k in upgrades happen, which is going to be your money and time, not theirs.The monthly payment on a $90k loan balance @ 5% amortized over 20 years is $600, leaving $600/mo cash flow.   

Sean Terry has a great podcast for handling objections that I listened to a few times until I got it.

Most homeowners don't get upset with you making 5k on the deal but once you make double digits they get upset that you didn't give them more for their home 

Low risk, secured investment, passive income, great returns (you can get double digit returns).Cash value life insurance - horrible idea!