When I closed, I bought a Builder's Risk policy for the maximum amount I could lose.

By now you've discovered that in PA there is a minimum title policy cost up to $30,000 pp.

However, if they move in after the 20th, my policy is for them to pay the prorated rent and the first full month of rent before occupancy.

In Washington State, you must present each potential applicant with your rental screening criteria (aka acceptance policy).

In my local market, cash flowing properties are $40-$50 per sq/ft and the Replacement Cost is closer to $100-$125 per sq/ft.You can underinsure to the market value, but please keep in mind, your policy may penalize you at claim time. 

I’ve had a number of partnerships in business and RE over the past 25 years and the one critical element I have learned (through experience unfortunately) is to make sure you put in place a written buy/sell agreement as well as a funding mechanism for that agreement (ex. life insurance policies).

I want to know if I am being reasonable with believing that other parties, like the title company, seller, or a particular title insurance policy should compensate me for the fee.

If you plan to have a no pet policy for the rehabbed unit, it probably won’t work.

There are several considerations that can go into the analysis of whether you need an LLC or whether a large insurance policy will suffice.

@Sherfeng VueYou’d may have to speak with your lender and the individual lending institution you decide to work with as their policies may be different than those I experienced.I can say from my personal experience that you can have as many owner occupied loans running as long as you occupy the buildings for at least one year and you do it one year one building at a time.