One of our policies is to reward a resident at their lease anniversary with a gift card to a very large national retail store in our market.

Will your LLC and/or insurance policy hold up? 

Just buy the property with conventional financing, and get a good insurance policy.  

I will have to go over my insurance policy this week and make sure I'll be covered. 

Taylor Jennings ok well I do not want to step on your toes but I have been a chairperson for an events committee in Indianapolis.

@Albert Bui I probably misunderstood, but I thought that FNMA used to allow 10, and has  reduced that to 4.In general looser lending policy is probably good for investors initially, but it may eventually pushes valuations towards a bubble.

There is no risk of them being able to withdraw from the account that way, as long as your bank is doing their job Your bank may have a different policy.

The last time I bought a policy like this it was about 60% of a landlord policy but was good for only three months and had very limited coverage.Assuming your HML (hard money lender) will give you 70% of ARV, you will need to have about 10% of ARV in your own cash.

Have you ever read a title policy before?

., a new major employeer coming in, new government policy) that will force appreciation, or something crazy happens like lenders being willing to give everyone and their cat a 100% loan.The math on multis is similar to what I wrote above.