I’m sure banks will continue to change policies as the Covid situation changes.

LLC’s are not eligible for residential loans and have to get commercial loan product.There are plenty of discussion threads on bp about pros and cons of a LLC, and how to try to do a hybrid (which I’m not for).For asset protection, just keep your property in good condition and get insurance including umbrella liability policy

But they did tell me that transferring title is not allowed by the rules, so do not want to break that policy, unless I can show them why they are not translating the rules correctly.  

Found out theyreally don't cover that market, thus their policy was twice as high.Moved on to Ponderosa Insurance (not making an ad), because all theydo is storage.

I like this area because it's really set up for STRs and most local policies and regulations are favorable to rental owners.

As you can see from the 1000 other posts on here about whether or not you should put your property in an LLC posts.. an LLC is just one "layer" of protection but a good insurance policy and an commercial umbrella liability policy should do the trick.Hope that helps!

With FHA loan you have to clear all health and safety code violations and this a safety one so you cannot close without fixing it.

Pull out the title insurance policy we will need that as well.Most of the cash out ARV lenders are not going to get you to where you need.

If they are VERY professional, they will have their processes in writing as verification that policies are enforced equally and fairly by their entire staff.6.

In my experience a claim that pays out less than $5k has very little if any effect on a homeowners policy.