Umbrella insurance may be a better way.

Are you planning to buy in LA, or in some other market?

Taxes $667/mthInsurance;  estimated at $1000mth, The Current owner owns and does not have insurance.

If you don't have significant other assets to protect, it's probably easier and cheaper to just get an umbrella insurance policy.

Qualified real estate attorney, an asset protection attorney, an insurance agent licensed in the market, contractors, and other investors are just some that come to mind.

Depending on you strategy and plan I would tell you to potentially look into different areas of College Station.

We plan to rent out the basement on a medium-term basis - we are going to install a full kitchen down there, put a lockable door between upstairs and downstairs, fence off a private section of the yard, and there is already laundry down there, so it will essentially be an up-down duplex with a separate walkout basement entrance.

Plan your route to maximize coverage.

Does this seem like a great time to get involved in real estate projects with a planned 75% leverage?

Are there title companies that will still insure a title in the home is a quitclaim and the previous grantor won't sign an Uninsured Title Affadavit?