First rental property purchase - need advice on roof
Newbie investor needs advice.
We made an offer of $146k on a 2009 single family house, which was originally priced at $175k and seller reduced to $159k and further reduced to $149k. The offer of $146K was immediately accepted. During the option period, it was found that the roof had hail damage and it is at the end of life. Seller was willing to file an insurance claim for the hail damage. It is only 22 days before the closing while the seller's insurance has not sent an adjuster yet. My roofer is concerned that the insurance claim can not be approved prior to the closing day. What can I do now? Any advice for me. I heard that it is tricky for an insurance claim when a house is changing ownership. Thank you for your time in advance.