It is pretty standard if you are buying a house under 50K or something similar to that number unless you have a new agent.

(C) (i) Multiple accessory dwelling units within the portions of existing multifamily dwelling structures that are not used as livable space, including, but not limited to, storage rooms, boiler rooms, passageways, attics, basements, or garages, if each unit complies with state building standards for dwellings.

After purchase I Discovered all the electrical wire had been stolen from the attic, there I did exceed my initial estimated budget.Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Standard is 6 months.

@Sherin SunnyYes your standard policy will not cover things like someone suing you.

They have a standard application along with background and credit screening that charges directly to the applicant. 

Would just like some input on ways to go about it so that the rehab meets my standards and the end product doesn't suffer, just because I'm not there to make sure.

I am trying to gauge what the standard in the industry is? 

We sold because we kept an eye on the market and discovered the the market took off shortly after we purchased the property.

We would need to take a look at what you have signed to make sure its the standard agency disclosure form or something modified, or if you signed something completely different like an exclusive right to represent which will also mention agency disclosure within.At the end of the day, You should have an agent whom you trust, in personal character and knowledge of your particular asset type and preferably location.