Could be they put it in the owner's name. 

I would think renters insurance should cover them but home property damages go back to the property owner/landlord if owner does not have insurance on the home (home paid for)?  

It  was quite inexpensive so I feel good about that, BUT  I have two concerns and would love some perspective and insight.1- The prior owner of legal record has died. 

I asked her further and she explained that it was a year into covid (2021) and everyone, property owners and working class, took a hit but that she tried to make it right. 

Keep in mind, sometimes I screw up and have to have people resign something, or someone wants to add a new roommate, or someone wants a new pet, etc.  

They tend to be higher because these loans are seen as higher risk than owner-occupied homes.

Hi @Conrad Legé,STR owner/operator and Realtor based in Miami here. 

The bad is that now you'll have a harder time talking the owner (the bank) into a really good deal. 

If the A-B contract that you had the current owner sign calls for EMD, you as the wholesaler would be expected to put the deposit down with the attorney and once you have your B-C contract signed with the end buyer and the settlement closes, you would get your emd back along with the release fee.

Based on a rough analysis for a project timeline, I believe the total project can be completed in 5-7 months with the team I have available if we get involved in completing the work on the project.Deal Analysis as a whole - Actual Costs may be slightly different but estimates should be fairly closePost Construction Estimated Market Value - Lot 1: $379,000  Lot 2: $307,000  Total Estimated Market Value $686,000+- $102,000 - Cost to payoff HML & Previous Builder- $154,800 - Estimated Cost to complete House #1- $170,370 - Estimated Cost to complete House #2: Includes New Well/Septic $7500, Impact Fees $2100, Permits $1000= $427,170 - Estimated Cost to Payoff HML, Complete Construction on House #1, and Construct House #2+ $686,000 - Total Future Market Value-  $20,580 - 3% Buyer Agent commissions as the current owner(Listing Agent) will be listing these properties without compensation-  $2,538 - Real Estate Transfer Taxes-  $1,500 - Settlement Costs Paid at Closing______________________________________________   $234,212-  $27,900 - Payment to Seller for Down Payment made by seller to HML @ Origination (For her to break even)= $206,312 - Potential Return before any Interest/Fees/Taxes/EtcI've spoken to a few HM Lenders and ran rough numbers by them.