I plan on doing a house hack on a multi-family building (triplex or quad) in the Chicago area (northside, near west or near south) and I have $50k set aside for this with ability to borrow another $10k from an insurance policy. 

It may be issued as a matter of policy by the title company.

Because of that, I have a $1 million personal umbrella policy written in my name with a rental rider.

Gold is more of an insurance policy then it is an investment.

it seems homepath has more reasons (probably policies and procedurs) than logic.  

I can see this moving to a more widespread policy.

They will include your income and might include projected rental income depending on the bank's policy.

Transparency throughout the process is always a good policy and as soon as I smelled a bad deal I would give them the option to renegotiate price or terminate the agreement. 

My guess is either (1) there is something else wrong with the foundation or (2) the lender has a proprietary policy against wood foundations.In the case of a "dirt" foundation, I'm not sure what that's supposed to be. 

Now I am concerned if I have all riders needed on my policies.