That lender, however, keeps their loans and doesn't sell them, so they might be adding a less restrictive policy on top of the Fannie Mae guidelines, knowingly counting differently.

Having allowed them to pitch it to me at great length (I was one of their "nightmare" attendees), I concluded that it was not suitable for me at the current time.Now, take aim in my direction.

The policy was I couldn't purchase any properties for myself for the first year so I would soley focus on building my investors list.  

You will need consider purchasing a 'Landlord Policy' when you no longer occupy the property.  

So your saying you never even bothered with the LLC route, and just got a large personal umbrella policy?

Do you feel a builder's risk policy and vacancy insurance as well as a Release of Liability from the GC is enough to continue on?

Off topic...but since I posted on this topic I am getting lots of marketing on this site aimed at smokers - nicotine gum etc.

If you can pay off your mortgage, you can cancel your flood policy, but most people don't have or don't want to use that option. 

Ditto what Jeff and Michaela said -- if you are aiming for lower-income tenants (or buyers), go all electric. 

She would've been happy with a situation where the landlord could deal with the problem, but tenant privacy prevented them from doing this in a timeline that mattered to the other residents.General Rhetoric: I have yet to hear a city politician who ever sides with property owners in policy initiatives.