Sorry to hear about the fire, but it's great that you have insurance coverage for everything.What does your lease say about destruction of premises, and was their lease current?

The issue you're going to run into is the debt service coverage ratio.

I'm looking to shop insurance coverages/quotes for an upcoming multi-family purchase in San Antonio, TX.

Now he wants to deed out title as follows:John Smith, a single man and Debbie Johnson, a single woman, as Joint TenantsQuestion: Could he lose title insurance coverage if he deeds out?

It is an investment property and put under our LLC.I have been having a hard time finding a good priced insurance with good coverage for this specific property.

The reason he said was that if someone were to trip and fall the llc is listed as insured and coverage would be supplied.

I’m in western PA to give and idea of course this will vary by location.Just got a quote for a single family I’m looking to buy, getting a commercial loan will deed it in my LLC.Purchase price $50k.Dwelling coverage $200k, deductible 1% 2k.About $50 per month premium.What kind of figures do you ask for in terms of dwelling coverage compared to purchase price?

Personally, while this metric is very useful, I look mostly at two factors: debt service coverage ratio (DSCR) and appraised value (which drives LTV).

I'll update this thread with a more comprehensive update as soon as I am able. 

Insurance coverage may be an issue.