Several you should pay attention to are:- Ordinance & Law: Provides additional building coverage to deal with rebuilding costIncreases due to changes in Zoning or Building laws- Personal Injury Liability: Libel, defamation of character, wrongful imprisonment, etc.

Anything over 50 years old they require documented proof of renovations for things like roof, hvac, wiring, and plumbing.

Those lists probably change pretty quickly.

@Christian Tibok The last short sale I did had the 1st offer $3,000 to the second, which they approved.About 4 weeks before closing, the 2nd changed their mind and said they wanted $8,500. 

However, I have made two contractors change.

Trees falling over will likely be your biggest concern,Unfortunately, looks you’re right in the path unless it changes.  

Apologies in advance for my absolute ignorance with this stuff.1) We plan to purchase all cash in our names then transfer the property into an LLC that we haven't created yet, less for liability and more for tax purposes (our accountant vaguely suggested we should start an LLC that does really anything so that we are able to write off more home office, travel and equipment expenses that we can no longer do since recent tax changes).

However, I have made two contractors change.

check public records to see if ownership has changed.

At this point you would change the locks, survey the property for damages and work to be done for rent ready.