Further, are there blanket policies (like an umbrella insurance) where they cover multiple properties at a subsidized price.Seeking wisdom from the forum!

While its been said that the best policy even for wholesalers is to be open and honest, not all wholesalers operate that way. 

Easiest would be to assume the existing policy and then shop around on the backside.

If an animal, enforce your pet policy.

- Does the policy have code upgrade coverage?

That should be another good cause.Health and safety issues are another potential good cause.

Check your 401k policy of course, but for me there are no closing costs, application fees, or other associated fees.  

@Ryan Mayes you can take cash, but it may be a portion of the $144k depending on your policy language. 

Use the 25% down ($11,250) if the price is $45k, closing costs, ($1750 - $2000) homeowners insurance ($450-600) and a home warrantee policy for the appliances insurance ($300)and remainder goes in to an untouchable emergency find.Remembered that these number are given on the fly, So do your homework and get the exact numbers.This assumes you get a long term first mortgage. for 75% ($33,750) let's say a payment of $175 or less.

What is your experience in doing so for the following areas:- Landlord insurance policy (I learned and confirmed with agents that my name would remain, and we just go ahead and add the LLC into it also) (This will also be under an umbrella policy)- Loan (I learned that as long as the LLC is owned by the original primary loan holder, they will not need to call on the loan)- What are the TAX advantages/disadvantage of doing this (my status is not full-time investor, still hold full time W2 job, and a SMLLC)Thank you very much BPeers!