As real estate investors, we have a very unique set of needs and most companies and agents out there are limited in their ability to structure things properly and even offer the right coverage in many cases.One thing everyone needs to understand is that anything having to do with rental or any other form of passive/residual income, is considered a business exposure and absolutely needs to be separated from any of your "personal" activities.I've been in the insurance business for 11 years and as an independent agent prior to becoming a real estate investor, I made this mistake all the time because I simply did not know, and most don't. 

I have a couple of small upgrades prior to renting (paint, new baseboards, etc) that I will definitely have to factor in. 

(So look to their latest 'market cycle' schemes, media hype, 'fear mongering' tactics, and the prior 'bank panics' to 'stock market' and 'real estate' crashes... particularly over the past century.

I think this is a somewhat unusual question as I searched and wasn't able to find a specific answer.I found a boarded property that just recently transferred ownership from the prior owner to Fannie Mae, the deed appears that it was a foreclosure and recorded just a month ago.  

Prior to acquiring a property, I am 95% certain of the cash flow I can produce...that is not speculation.

This is something that can be done prior to you filing to see what the system requires for your financing to go through.  

Is this an issue between the tenant and the neighbor or does he have a role in this and further if he has given explicit instructions to the tenant that isn't being followed, what are his options? 

Its funny I had only had experience with this type of website prior to coming on to BP about 14 months ago,, and that was  with my Aircraft owners and Pilots  ( COPA) site..

From my experience they will do a soft pull on your credit prior to ordering docs and will also require a verbal verification of employment again as well.Inquiries shouldn't be an issue because you " really haven't opened new credit yet," and you are just shopping for different banks.

Then, he instructed me on how to mitigate some liens and overcome other obstacles in order to close.