I usaul put my empty rentals into a builders risk policy since they are usually only empty when I need to do work.

Insurance: a landlord policy is a landlord policy.

With my out-of-town units, I now require the tenant to step through many hoops if they want a pet, with vet records proving breed and current vaccinations, AKC canine good citizen certificate, proof of current pet license, liability policy with me listed as additional insured, and a much larger deposit (like 1.5 times monthly rent instead of 1 month).  

IMHO he/she would be better off with a good umbrella policy and purchasing under one LLC.It is possible that he/she is buying REO's as some of the REO's only allow you to buy a limited number of properties.  

Title companies here provide escrow services in order to sell title policies.  

They are telling me that even though the initial causing event was a burst water pipe, there is a clause in the policy that does not cover ground water seepage. 

I see no reason to lie about it If asked.Don't think it's a big deal one way or the other.Set your policies and stick to them.

Not sure if the policies change for 4-units.

@Vida Novak  survey property to establish if you really have a problem  if its just two city lots and the house faces them.. then I highly doubt access or easement to the property is an issue.In most jurisictions the house is grandfathered in and unless your getting an Alta policy of title insurance.. a CLTA will suffice.. its the owner of the remaining lot that is fubared in this instance.. city will not make you move house or anything else like that.I bought a tax sale parcel once in CA. and the neighboring house was half way on to my lot.. we did have to have a trier of fact make a ruling and all he made them do was pay me fair market value for the lot..  

Hello all, We have several rental properties in NV, AZ and UT.  For asset protection, we have created a grantor trust a.k.a land trust where my husband and I are the beneficiaries of the asset.  We have then assigned ...