The reason why it is getting harder to find companies that can do this is that any crew that needs to use a ladder over 40 feet I guess has to have that coverage in their insurance contract.

An LLC that meets the definition of Insured as described in the policy is in fact an insured so the conveyance into an LLC does not necessarily result in a loss of coverage.

It's key to do this safely, with good debt service coverage ratios and cashflow.

They will do a search and it will show that the title commitment is subject to certain occurrences, If Smith is your borrower and Jones is the seller, and your coverage may be shown as being subject to Jones obtaining good title, they may word it differently, like subject to title granted from Brown to Jones, but the lender knows there is something sideways, or should.

There is a way to do that with legal reason and the liens are to your own LLC (just one LLC entity in WY that can strip the equity of all your portfolio making it impossible for anyone to collect anything beyond your $15k low coverage which should've been a lot more than that and you know it!)

When we insured our properties, we asked insurance companies about what they'd expect to pay per square foot for a total rebuild (if the building was a total loss), and based our insurance coverage on that.

Understand too, that the "additional" value that has been obtained in this property is an equity that will benefit you further, you may borrow against it, you'll have an advantage too simply on your financial statement in obtaining other financing to do other things, as a lender, I might be inclined to cut some slack on the debt coverage ratio in a new loan, a compensating factor having such a long term tenancy arrangement.With all the numbers and the intrinsic values considered you can arrive at a win-win arrangement.

As to protection an LLC is only part of the defense, first knowledge and good management, then insurance coverage, then an entity.Wanting 100 units isn't a business plan, it's about how you are to conduct business, the path to be taken to reach the business goal, the goal is not a plan. :)

It's what you find out when your actually responsible for the ownership and operations of a business that they find it's a 24 / 7 job. and if they don't have the coverage or backup when needed they find the business isn't as easy as just sitting back and getting a rent check.Another question is " CAN you RUN a Business " do you have a business plan.

closing is further subject to each of the following conditions precedent (the failure of which shall not, in and of itself, relieve any party of its obligations set forth in Section 6F1  below.....(4) The title insurance company identified in Section 1 above shall have irrevocably committed to issue to buyer an owners policy showing coverage in the amount of the purchase price and showing insurable title to the property vested as stated in section 1 above, subject to any and/or all of the following if applicable (THE FAILURE OF WHIH SHALL NOT BE DEEMED A DEFAULT OF SELLER)1 - the title companies standard exceptions2 - the following encumbrances or other matters:(i) liens for all current ageneral and special real property taxes and assessments not yet due and payable;Theres a lot more to it but that specific part kind of worried me.