Not sure how verbal agreements would hold up in court if this ever went in that direction but I feel that having this death prior to taking possession of the premises changes the way I had screened them based on income.

Hello everyone,I am buying 2 investment properties in Jersey City, New Jersey and my lender says that I need to put down 30% minimum on both of them since I already have 4 prior mortgages (besides these two) under my name.

(like 10k+ closing costs quoted from multiple banks for a simple refi)Insurance in the 300 per month range vs 85 for the same property if it were held privately.Town taxes such as water/sewer/property are billed at a higher rate.Plus more.So, what I am thinking of doing is:a: quit claiming the deed into my personal name.b: adding a million-dollar liability policy to the standard dwelling/fire coverage to protect my assets.

I did my background checks and did all the paperwork at their prior residence.

I see NY with its liberal policies destroying the economy, constantly raising taxes and scaring away jobs.  

And articulate the new payment policy. 

a proper builders risk policy is written to cover RCV or ACV if ACV is greater when construction is complete you need a standard dwelling policy.

NOTE: Do not choose to build in any market that any one builder owns 50% of.I have done this in every market I have ever developed in and have never built a house that wasn't sold 30 days prior to occupancy and I build in the spec end of the market.

If you purchase the property cash, than you could do delayed financing prior to 6 months.

Unless you have Full Replacement Coverage, you get hit with this - - and it's the motivation for having that coverage.I have a great policy with Farmers and 100% replacement costs from a tenant caused fire.I can't imagine Buy&Hold without Full Replacement Coverage