You will get the best rates from a company if you have other non-rental policies with them at the same time.

I would assume at this point you at least have an umbrella policy if you're not using an LLC to have  a little personal protection maybe and this would be where your question seems to fall in line more.

However, you must know, for any big remodeling/building projects there is an additional fee/day you have to pay to build, due to HOA policy.

You'll hear different schools of thought on this, but I only purchased an umbrella policy when first starting out, skipping the LLC.

I've had to make a total loss home claim with a brokered policy and had a very easy time.

@Brandon Sturgill, it is $250 a month short of my PITI payments.

Having a vacant house one month doesn't hurt too much when it's only $300 month PITI.  

You will need at least 20% down, it could take 2-3 months to get a mortgage, you'll pay a higher interest rate, and probably need to buy a life insurance policy naming the bank at the beneficiary.

-the owner owes 75k-monthly PITI is $975 (at 5.85%) and she wants O-U-T (taxes account for $381/mo)-ARV is $135k-$145k, possibly more since those numbers don't account for the fact that it's 2 abutting lots, and it needs about $14k to make it rentable and another $6k to make it in a good position to refi.

Here is what they said for a $150k purchase price.required:50% down= $75kAn additional $25k in assets held at the bank 6 months PITI for any REI property already owned  = $6k$106k/$150k= 71% of purchase price and he could prob get me 5% rate.The tone in his laugh when I asked if he was serious = priceless!