Bush called it "voodoo economics"...when GOP is bashing their own economic policies, you know it's not good.

If you are concerned about asset protection, you can get an umbrella insurance policy.

That is not a risk I was willing to take, so for the asset protection side of things, I got an umbrella insurance policy that covers all my properties to the same extent an LLC would and then I just keep those finances in a checking account I named "Rental Properties".

From what I am being told HO policies do not cover the design or new construction builds..here is what my agent said, The policy you are referring to is called Builders Risk.

If you think insurance policies are the answer, they vary just as much.

Seller previously paid 1500 for almost the same policy.

It is a judgment call IMO as to which scenario is better, but it is always a good policy to diversify your investments...place lots of small to medium bets a number of places...including securities.

Most larger banks require real estate loans to go to the Loan Committee as they are more strict in their Written Lending Policy, much easier to manage and oversee.

The title insurance is merely an insurance policy against any clouds in the title that the title company may have missed when they did their search.

great part of this business, max, is that you are the boss and get to have your policy...I favor tenant satisfaction for long term renewals, like your folks, but you have to set limits, like I would not yo yo the lease amount  because they may well get a new pet and that rate was for the wear and tear of the one that lived there....I do one free lockout, mostly so they will not try to break in but then charge your same fee after that...you have to do what works for you more so than worrying about being mean or nice...you allow pets and actually show up to let them in, so you are ahead of the curve on accommodating people in my book......best of luck