You walk in, pay $2 at the door which is a cover charge but also gets you a free drink.

The others were thorough and covered your options.

Also, she would need to cover my cost to repaint and clean ($250).

Normal wear and tear is covered by the lease, however excessive damage is not.

Going beyond four loans, the bank will want to see cash in reserve to cover 6 months worth of mortgage payments, insurance and taxes for ALL of your properties before giving the next loan.

I know its only a small premium, but it seems like a lot to cover such an unlikely possibility.

Let the Title company handle the payoff to the 1st mortgage company and your new lender will also probably getting a policy to cover them at this time as well.

I don't know your market numbers but as a concept to think about in your contemplation, making sure the replacement cost at least covers your cost basis (all in) should be a milestone.

What might be insured is between the insurance carrier and the lender.Considerations are vast, the local economy, the project, management, financials, timing of the project to completion, basically all areas that a lender will consider.As to sub-prime, never heard of it, as coverage is generally afforded to strong borrowers, developers that are entering a project at a higher LTV initially and the LTV is reduced as a project comes to completion, the initial risk.Apartments or properties held long term can be insured but again usually to cover the LTV risk, that is risk enough and to add sub-prime credit, management, or low debt coverage issues really isn't an insurable risk.

I worked with my agent (who was also a PM and friend of mine) and determined that I could get rent that could cover the mortgage and the operating expenses, reserves, vacancy, etc with a little cash flow.