No one REI friendly sets the bar so high that it's not possible for normal humans to achieve, but it's an easy way for a lender or bank that is not REI friendly to say "I/we am/are not REI friendly and I/we do not want your business" without violating the Equal Credit Opportunity Act or anything else (you just have to apply the same impossibly high standard equally... to everyone).I'm only sort of making a joke here.

They updated my (their) website and Google and Google PPC tagged it as malicious and I got de-listed.

But if you have a pool that's risk baby drowns etc etc. this is insurance that you need.Most litigation in Real estate is centered on the deal  IE buyer or seller suing each other for some act. or Partnership disputes..

You can choose to act......or not to act on those tenant claims but either way, that clock in counting down 30 days. 

Cost was $1,700 for 6 months and covers the house for damages (house is worth $290K) as well as $1MM of liability insurance and $100K of vandalism and malicious mischief insurance.Hope this helps and good luck with the flip.Kris

Not that someone else would break in to steal things, but that I would break in and do it out of sheer maliciousness.

So you will want to make sure you can build a case for trespassing against people who enter after acquisition (and maybe malicious destruction of property or burglary).  

Are you aware of any real estate investor being fined or penalized for a lease option under the SAFE Act or Dodd Frank?

Part 1 – Brokers  (page 5)(2) (a) “Real estate broker” or “broker” means any person, firm, partnership, limited liability company, association, or corporation who, in consideration of compensation by fee, commission, salary, or anything of value or with the intention of receiving or collecting such compensation, engages in or offers or attempts to engage in, either directly or indirectly, by a continuing course of conduct or by any single act or transaction, any of the following acts: (I) Selling, exchanging, buying, renting, or leasing real estate, or interest therein, or improvements affixed thereon;(II) Offering to sell, exchange, buy, rent, or lease real estate, or interest therein, or improvements affixed thereon;(page 8) § 12-61-102, C.R.S.

Now that scenario is very unlikely and in this case may have only happened because the LLC owners may have been bad actors, but the point is it can happen.