Insurance would cover this along with the landlord's attorney fees as well. 

The main complaints I've heard is the undersell your property to get it rented out so they can collect their fees.

They will either redeem (and pay your legal fees as part of the redemption costs) or they will default and hopefully you will get possession.

Assuming also that when you closed you paid the lenders a draw fee perhaps? 

Additionally, since the loan is in your personal name, not an LLC, there might be increased personal liability concerns.Given these complexities, you should discuss them with a tax professional.

@Danny Van you can also attend Oakland REIA and MREI, both held monthly in Troy.Regarding what to do, first you'll need to call the City and get their rental application to fill out, pay the fee, submit and schedule the inspection.It's mostly a health & safety inspection: smoke detectors, a CO detector near furnace, handrails, GFCI's. etc.WARNING: Warren doesn't really like landlords, so they can be picky about previous work done without permits - even if it was done before you bought the property!

Separately, if your company is interested in considering as a whole, you can also obtain financing against your GC Fee Contracts outstanding, via an advance against the future cashflows owed to your business.

Please DM me if you would like to discuss over the phone. 

If they say no escrow company then runAlso do not give any upfront fees or info out to them that is personal early on

We discuss loan rates and terms, documentation, and the entire process to find and fund a loan through our C.P.R.