Check out www.biggerpockets.com/biz for a comprehensive idea of what BP might have to offer you!

.$144,500 Purchase Price$4,500 side credit for repairs/remodeling6% seller coverage of closing costs (about $8,000)The Appraisal from the bank came in at about $156,000.At closing I brought a mighty check of about $150.

The tenant did not mention his personal property being damaged and he should have insurance to cover his own belonging.If the tenant had renters insurance, maybe his coverage would extend for displacement and then his insurance company would go back after the landlords insurance for mitigated damages.

If you are needing coverage in HI, I cannot help.  

This includes comprehensive, theft , uninsured motorist, and I believe has a $500 deductible.

You will blow your DCR (debt coverage ratio) out of the water.

The cost may not be as cheap as it could be if all of the updates were done in the last 20 years, but it is definitley possible to get coverage for it. 

Leah,I encourage all Landlords to make the coverage mandatory if you can. 

You'll have more leverage with underwriting which results in better price and better coverages.

Most commercial polices base the coverage on the "Replacement Cost".