We do insure against that but another layer of insulation keeps me happy.

Hi Everybody,I am trying to find the best umbrella policy and want to ask if anyone knows of a great company in Indiana that does stand alone umbrella policies. I know they can be hard to come by. Best,Patrick

Did you do any kind of title search?

Just wanted to add that FHA loans are fairly expensive these days and the mortgage insurance stays on there for the life of the loan.  

And require that installation of the washer/dryer is to be done by a licensed and insured professional, and that the tenant will be liable for any damages caused by faulty installation. 

Years ago I once was sued in a dispute by the insurance company, who was definitely in the wrong and they knew it (and so did my lawyer).

Expenses, insurance ect....once you have these numbers, you can estimate cap rate and NOI.  

And when they do foreclose because lets say I could not pay - what happens to my $200,000 before they take the title from me?

As opposed to a traditional mortgage application where you must get an actual unbiased appraisal done, during a HELOC transaction, its customary for your bbb to conduct a more cost efficient desktop review of title and market data instead.

I'm not sure how much you're financing, what property taxes are, insurance, etc.