However, given the recent rise in interest rates, if you're locked in at a 3% rate and the market is now at 7.5%, there's a possibility that the bank might call your loan if you've violated the loan covenants.

Your only as good as your last deal in the eyes of most investors.

The insurer is requires paperwork on Covenant and Condo by-laws.What is Covenant and By-laws of Condo association and why is it required for Insurance ?

If once DOESNT KNOW THE MARKET / REHAB then realtors may provide another sets of eyes thus may be beneficial .. 

I would really appreciate it if anyone who knows much about insurance or managing a property would cast their eyes over the screenshots below and let me know: 1.

They don't want out-of-area Landlords that are not keeping an eye on the property.

And there are strict loan covenants  that require doing on going work with Naca  deed restrictions on when you can sell etc etc. 

Have you thoroughly read the recorded Declaration and Covenants for the parcel you are considering?

If something goes wrong, you'll wear the black eye, not the lender. 

This experience was great and opened my eyes to the world of Real Estate.