I worked as an oil and gas landman prior to getting into real estate investing so I know how to look up liens and chain title.

I asked my Allstate agent to have a landlord insurance and the policy holder to be the LLC but he said the policy holder has to be a person we can't put an entity as a policy holder.

It was a very odd interaction and I have never dealt with this company prior or since.

Also, as the amount of the raise increases, the level of exposure to the firm's E&O policy necessarily increases which may warrant a premium on legal fees. 

The only way to pull the cash out of the 401k is to take a distribution, which of course would be taxable event, plus penalties if the distributions is taken prior to normal retirement age. 

My title company has also issues policies on these acquisitions.  

Hey the old insurance agent in me would advise you to have him get a renters policy with say about 1 million in liability protection, have him list you or your company as an additional insured on the policy.

That being said, any time you are interested in a property built prior to 1980 you need to be very mindful of asbestos and lead contamination.

However, you don't know what the prior owner had agreed to in writing with them, so it is likely best to have an attorney handle it for you.

I always try to get the overall general condition prior to the appointment and give them a ballpark range just so we both don't waste each other's times.