I intentionally used the term for @David Greene . 

@Michele Wax interesting - I’ve always heard that here has to be an intent to use it as a primary residence for the first year, but haven’t really heard anything about the nitty-gritty of the loan.

My business partner is all about getting as much capital and he keeps telling me that it doesn't matter because your are always at least 1 house ahead but I am struggling to wrap my head around the numbers)I was HML for the first house purchase $25,000 and plan to withdraw it after the 3rd house closes and refinance goes through.House 1:Purchase $25,000Apprasied: $65,000LTV 80%Max Refinance $52,000Payment: $430 (15 YR @ 5.7%)Rent $850House 2: (Duplex)Purchase $40,000Apprasied: $75,000LTV 80%Max Refinance $60,000Payment: $487 (15 YR @ 5.4%)Rent $1300House 3:Purchase $20,000Apprasied: $40,000LTV 80%Max Refinance $32,000Payment: $260 (15 YR @ 5.4%)Rent $600After these (3) deals are done I can then pull my $25K out and have $59,000 of gained business capital to keep doing the process with...but I suffer on monthly cashflow.House 1 $25 ----> $52House 2 $52 - $40 = $12 + $60 (refinance) = $72House 3: $72 - $20 = $52 - $25 (My money) = $27 + $32 (refinance) = $59kGained Business Capital = $59,000Monthly Rent = 2750Monthly Debt = 1177Gross Cashflow = 1573The other thought would be to set end business capital goal with the intent to increase gross cashflowHouse 1: Purchase $25,000Apprasied: $65,000LTV 69%Max Refinance $45,000Payment: $365 (15 YR @ 5.7%)Rent $850House 2: (Duplex)Purchase $40,000Apprasied: $75,000LTV 53%Max Refinance $40,000Payment: $324 (15 YR @ 5.4%)Rent $1300House 3: Purchase $20,000Apprasied: $40,000LTV 80%Max Refinance $25,000Payment: $203 (15 YR @ 5.4%)Rent $600After these (3) deals are done I can then pull my $25K out and have $59,000 of gained business capital to keep doing the process with...but I suffer on monthly cashflow.House 1 $25 ----> $45House 2 $45 - $40 = $5 + $40 (refinance) = $45House 3: $45 - $20 = $25 - $25 (My money) = $0 + $25 (refinance) = $25kGained Business Capital = $25,000Monthly Rent = 2750Monthly Debt = 892Gross Cashflow = 1858

Not knowing if this situation will require litigation, I’ve intentionally withheld the specific area this property is located in.

If I had bought this property with the original intent of it being a rental or had a to reno it I would definitely do things differently. 

The intent of offering title insurance is to offer clear title.

We made this decision intentionally as it allowed us to reach an ARV of $160,000, which is where listed the property.

This was done intentionally as it allowed us to reach an ARV of $160k.

Is there insurance to cover intentional damage by tenants?

@Dan Constantine I am not sure that your question really relates to your intention to build a portfolio, as you seem to want.