There is a reason for everything they do.When insurers group policies they tend to want a certain quality for the best rates.Higher risk properties or ones needing work they will price in the chances of a claim etc.Do not look at an insurance policy as it is going to cover you in bad times.

Hello BP Community - I am looking to insure a brick 3250 sq. ft. 4-unit in Midcoast Maine and the best quote I've found on a DP3 policy is $1,700, which includes full replacement cost of $564k, 10% rent loss, $1 Million liability, $5k personal property, $5k medical, $5k deductible.I understand that rates vary by region, so would any New Englanders, or Mainers specifically, care to weigh in or recommend an insurance company.Do most of you carry DP3 policies on your 1-4 units? 

A title examination  is not for the laymen and usually, a title company will provide you with a "preliminary title examination" at very little cost, usually free, if you are buying your title policy with them after a sale transaction.If you are the winning bid at a tax auction you will be obtaining, usually, a tax certificate, and each state has it's own state laws as to the application for a tax deed.

If the title insurance was obtained within 1 year I usually get a break in price if I need a title policy again on the same property.   

disclosure is always the best policy.

Especially since such people will combine a developing personal relationship with the business transactions.A really simple iron-clad policy could have prevented this situation(other than wasting some time) - "no cash no keys".

As to marketing, if you're in with another broker you'll want to find out what their policy on signage, advertising, Error and Ommissions insurance, etc.

People come on here all the time saying this or that cap off XX price but they have not analyzed the numbers.Experience in multifamily teaches you what the real numbers are and not what a seller or broker is showing a rosy pro-forma.If this is local to you that will help with a local bank doing the deal. 25% down is good but I would need to see your overall financial situation with IRA,401K, stocks, savings, checking, businesses, cash value of your life insurance policy, real estate assets, etc. to see liquidity and net worth for the balance sheet after down payment. 

At the same time, the mayor of Oakland had a big policy thrust to encourage downtown development.

I recently purchased a 3-family home and also deliberated this same question for a while and finally decided to go with the replacement cost of the house policy.