Said he never told his insurance company about the business they were running.I’m talking with other investors, they mentioned insurance is more, but they pass the premium on through to their renters.I called my contact at State Farm and they told me no extra insurance is needed, and that the business is responsible for holding insurance.I called another insurance contact, and they said that assisted living facilities have extremely high risk therefor high insurance premiums that they have to run through as commercial.

Whole life allows you to strategically accumulate your own capital so you don't have to raise as much.Timing for when you borrow depends on the carrier, but in general, you can borrow immediately.Downsides are less than 100% of what you've paid in premium is available as cash value in the first few to several years of the policy, depending on your policy design, age, and health.

The broker doesn't need this kind of crap, the bad reputation or the hit to E&P premiums after a payout.Your next steps are complaints to the local Board of Realtors and then to the state regulators.Document everything and keep contemporaneous notes. 

All you did is paid a premium for metal cladding and a big *** crane. 

I hate paying premium prices for something I can do myself.

Been that way for about a year.If they’re paying, you’re getting a premium on rent.

Maybe share your average value and average premium so someone in the market can chime in with dang, that’s expensive, or hey, those are pretty good prices you’re getting already. 

If you do decide to do it though make sure you are getting a premium.  

Umbrella policy premium (if you choose to go that route)Having said this, set up would be best discussed (especially if this is beyond yourself alone as a sole proprietor) with a CPA/real estate attorney maybe.

Just don't expect a huge cost savings and probably a premium to build with a less than optimum ergonomic space.