I have a bi-yearly contract with them to maintain the units and they currently have a new policy where they check for mold in the duct work by an intrusive method and they are finding slight mold growth and are recommending this device called Nasa Air Scrubber (~$1200 per unit). 

Ask your insurance agent about an umbrella insurance policy.

I don't know what insurance rates are like around your area but you may want to peak at that as well.

They seem attractive in the sense that they are self sustained, required to be cleaned by guests, and very minimal/no utilities (depending on how fancy you go)   How do you get insurance for these properties?

good afternoondoes anyone currently have homeowners insurance for a 4 family property and if so who is the agent and or the insurance company. i have a 4 family in north new jersey and want to find an agent / insurance company for cost comparisons. appreciate any feedback or help from anyone.thanks and have a good weekend

How about the $20 million lawsuit the Hoa lost that has $2 million in insurance.

Owner is trying to sell since he is older and looking to retire. 100% occupied with leases through December of 2018-Purchase price: $105,000-Monthly rent: $2250-Annual Tax: $1154($96.00monthly)-Annual Insurance: $ 1275( $106 monthly) -Property Management : 8% $180.00 monthly-Rents are currently about 10% below market value. 

State Farm says its BroadForm policy - do you know if is this really an HO3 or HO5 (guess its all Open Perils on Personal Property as well)?

If you are serious about going after the property at sheriff sale you should really consider getting a full title search done and have it reviewed to make sure you can get the title insured.

They also didn't believe in the 1 year seasoning rule(The property has to be rented for one year) that a number of other lenders hold as policy.