Hi @Eric Armstrong this isn't a lien option but umbrella insurance is pretty good coverage to have to protect you're equity. 

There are local association, state and federal and insurance often over $1500 on top.

You choose an insurance carrier and property management company (if not self managing) and if financing you work with your lender on final approval. 

Talk to an eviction lawyer as it’s conditional on how to do it Second, revisit your insurance costs because of the wiring is not up to date (most la properties are 1910-1940) insurance will not cover you.

My uneducated thought is it would be difficult to get title insurance during this time and would take cash, private, or hard money to obtain in the short-term.

The rent from my tenant nearly covers my whole PITI (Principal, interest, taxes, and insurance) payment.

The people with bigger portfolios here tend to advise building up a cap ex reserve that will cover your big surprises, but eventually to treat it like insurance. 10% each seems like a good first buffer, until you have the reserves.

I’d be surprised if the insurance company didn’t forbid this like the lending institutions do . 

Here's numbers:Purchase: 136k, 5% down = $6800 + closing costs and prepaid insurance will be roughly 10k downARV: 175-180k, have to see how the neighborhood does in the next year, my realtor firmly believes 180.Rehab: 15-20kAfter selling and paying fees we're looking at 10k profit? 

Remove the Mortgage Insurance and get the lowest rate you can as a primary.