I'm interested in getting liability only insurance for a soon to be vacant single family home. 

- Fast settlement, no commission, as is sale, interest on their loan, monthly payments, a balloon payment sometime in the future when they may really need some cash and the real estate monkey is off their back.Some things to consider in your mortgage an negotiations; You want the mortgage to be fully assumable with release of liability, build in a percentage discount if paid off early, have a first right of refusal in the event they try to sell the mortgage at  a discount (you want that savings) a stutter clause, this gives you the right to miss one payment without penalty and a substitution of collateral clause (this gives you the right to move the mortgage to another property in the event you sell the building, with this you keep all the proceeds without having to satisfy the mortgage pay-off upon sale. 

You're allowed to deduct depreciation of your rental properties on tax returns, which lowers your overall tax liability, increasing your return. 

They are also accepting liability for what they stamp and sign.

You may have an advantage of using your money, but you may not too.Using OPM is a contingent liability above that of the project, just as a lender may seek a deficiency judgment, so can a partner.

You do have to pay capital gains on the principal portion of the income but it is spread out over years and in the beginning the principal portion of the payment is very small and so your tax liability is also small.

I was particularly interested in the liability of the RMLO in this scenario.

"For income tax purposes, an LLC owned solely by husband can be treated as a single member limited liability company.

General liability insurance is $1600/year. 

Architects are legally and professionally bound to act as your agent and their liability is attached to their license number so they can't hide behind or dissolve a LLC like a contractor can.