This is pretty standard when buying a tenanted property.You also want copies of the lease and make sure they are notarized, so you know the information is correct.

@Jimmy Chao on rental properties I typically disable the exterior hose bib completely as part of my standard operating procedure.

Even agencies are capped at 75% LTV right now... pre-covid standard was 80% all day.

The lot is the standard Chicago size.

The standard printed exception as to discrepancies, conflicts, shortages in area orboundary lines, encroachments or protrusions, or overlapping improvements:(i) will not be amended or deleted from the title policy; or(ii) will be amended to read, "shortages in area" at the expense of Buyer Seller.Why would I choose (i)? 

I vaguely recall having to look those up way back in the day when I started working with international firms to see whether or not they had a decent enough rating for us to do business with.

They said they would only do the standard 50% up to 50k, even though I was directly effected by COVID (I coach boxing and muay thai, gyms were the first places shutdown here in WA).

My original plan involved saving up 20 to 30k as I continue to learn and try to see if I can intern or something in that manner with a real estate agent or investor.

Plus, it helps keep you accountable to your standards.

@Sierra Mack if you want a conventional or FHA mortgage, they have underwriting standards.