We typically operate in the B asset space (A and B Locations). 

You can demo without a permit typically. 

I'd like to hear from people who've had success with the program.I found a great cash-flowing deal, however the property needs work to make it livable and won't pass typical FHA or Conventional standards.

They will typically require a landlord policy or fire policy, the name depends on the insurer.

Whether or not, the demand for what you are doing must be high, city legality law, and the normality of a new structure going to be typical in that area? 

I own it for essentially zero out of pocket and it still cash flows over $1500 a month with the higher payments (infinity CoC ROI) AND I used the cash out to purchase another rental which is currently netting 23% CoC ROI.  

@Doug Pretorius do you by chance know a good link to find a generic Rent to own agreement so I could familiarize myself with the "typical" requirements ? 

As frustrating as QB is sometimes, it is essential come tax time.  

Right now isn't the best time, as many property managers are going bonkers right now with rental turnover, but if you catch them at the right time, they are typically, more than willing to spend 5 minutes of their time to offer help. 

Other one built in 1949, Allstate agent initially wrote but when assessor went to see it, he didn't even assess due to property's age and they declined to write the policy.I live in NJ and have 2 more rentals in VA so essentially I have 4 properties (including that 1956 built Baltimore), autos and umbrella (requires all covered properties to be insured with Allstate) all with Allstate so trying to see if anyone has their pre-1950 property with Allstate (which happens to be cheapest overall everytime I try to price shop).If anyone has any other insurance company they can recommend for multi-state situation like me then that will be appreciated.