You and your insurance carrier represent larger pockets for the claimant.If you decide they can stay, and you want to make sure they have the proper coverage in place to protect your interests, make the following insurance requirements as part of your lease;1)  General Liability for $1M2)  Umbrella $1M-$5M depending on your comfort level3)  Hired and non-owned auto coverage4)  Workers Compensation5)  Add the entity holding title as an Additional Insured ***Get the proof of coverage directly from their agent. 

Note: You should be able to both yours and your dads name on title at closing if you do investment.

I guess my title is a bit confusing. 

That’s why it’s of the highest importance that you properly screen your applicants before they become your tenants.A background check will verify a person’s identity and provide any eviction history.

The reason I recommend going with someone with experience in that state is because, procedurally, the acquisition process/timeline varies from state to state and sometimes, county to county - e.g. appraisal timeline, inspection periods, title review timeline, projected closing timeline etc.All the best!

Title: not sure if this family member needs to be on the title.

If you are not and sometimes even if you are, the title company will hold the deposit and issue an escrow letter.

There is a little more to this post than I could fit in the title. 

Funny but true to agents that don’t know what their doing.I have so much more to say but I’ll keep it to myself last thing in the offer letter I always include a pre approval and bank statement showing I’m good to go, but he didn’t mind opening them because I get “open alerts” to all files opened, and last but not least this agent has most likely never ever heard of private lending and that my lenders move faster then the title company, but it’s not their fault I believe it’s the states fault for not setting a few hours to discuss and teach new agents how end users buy, how investors buy.

Funny but true to agents that don’t know what their doing.I have so much more to say but I’ll keep it to myself last thing in the offer letter I always include a pre approval and bank statement showing I’m good to go, but he didn’t mind opening them because I get “open alerts” to all files opened, and last but not least this agent has most likely never ever heard of private lending and that my lenders move faster then the title company, but it’s not their fault I believe it’s the states fault for not setting a few hours to discuss and teach new agents how end users buy, how investors buy.