Adding a landlord policy will certainly give notice to the lender that this is not a temporary situation.If you don't want a negative response from the lender then DO NOT notify them or name them as insured on a landlord policy.Make sure the payments are made, taxes are paid and insurance is in force.What if the tenant breaks his arm on the property?

I wouldn't be buying a property from myself or loaning myself money, all transactions are arms length.

Since loans are double secured safety net would be very attractive!

Peace of mind and safety is more important than money

Bill Gross is a smart man but even he, nor anyone else, can know with certainty what markets will do - he is trailing market returns this year.That said, you can buy dividend stocks that will ensure your return will be a certain %, if you buy and hold long term (with some fundamental analysis to ensure the safety of that dividend).

Okay here goes...........So on one of my apartment buildings I owner financed with a seller I was added as an additional insured.The seller checked with the insurance company weeks before we closed and they gave their blessing.Now the policy is coming back up for renewal in March of 2012.The owner of the property insurance company is now up in arms saying his employee didn't give the seller the correct info and that unless the seller shows ownership he can't renew the policy in March.The reason he said is insurers do not like to see additional insured because they think someone will commit arson and burn them down and make a claim.These buildings are 30 years old and it's hard to find another policy that is not very expensive for them because the policy was written and renewed each year before they hit the 30 year mark.Many new insurance companies won't touch a building that old unless all wiring,plumbing,roofs,etc. have been replaced so their will not be many claims written when they underwrite the policy.If the insurance gets cancelled in March then the underlying mortgage company would be notified which we don't want to happen.The seller has talked to her attorney (not the closing one) and have mentioned something about titling the property back to the seller but have an agreement stating I still have ownership in the property.I am not comfortable with that solution at all especially after all the work and money I have put into turning these properties around.The other option the seller mentioned is cashing her out of the 2 buildings early coming due in March for the insurance policy and then the other buildings don't renew until end of the year 2012.I am open to suggestions.Per the agreement I have years before I have to cash out the balloon note.

So I made sure to eat right and exercise regularly specifically because I knew I had no 'safety blanket'.

Luckily, we did, because we also found another spot that was really weak and we would’ve been hosed.Pipe:4” PVC main line / stack.Floor drain 3” Kitchen drain, washing machine drain 2”Tools used:Jackhammer, pry bar, dead blow hammer, air nailer, respirator, earmuffs, goggles, safety glasses, scrapers, chisels, shovels (round for digging, flat for filling/cleaning floor), tub for mixing concrete, a ****** trowel.Have a 2 x 4 on hand for the concrete repair part.Tips: use spray paint to mark your path during demo… it’s easy to fall off course.

But rates are low so my ARM payments are really low and cash flow from rentals is great!

Remember, the owners might have been concerned about their safety....