The reason is they want predictable, verifiable lease income, and room-by-room rentals can look “non-standard” or even borderline commercial to them.

If your coverage falls below that threshold, the insurance company may only pay a portion of the claim, even for partial losses.

I didn’t get insurance right away.

Hm, I've seen a fair amount of deal flow in different markets from FL, to TX, MI, OH, SC, NC and TN, and have seen these 65-70% of value purchases, but also find thats somewhat standard, even with cosmetic to definetly medium rehabs. 

My agent has a strong network who made the introductions to a full team across lending, LLC set-up, insurance, home inspections very easy and they have all largely been very responsive.

Then the insurance calls me saying they cant get the purchase agreement from the lender to bind the hole thing.

@Ziad Najjar We have a client with 85 doors (9 with pools) insured for $1m/$2m coverage for ~$22k/year.

Hi- Looking for input: Keeping details high-level for privacy. 3–4 bed SFH, ~2,000–2,600 sf, 2000s build, water/preserve outlook, NO private pool, standard HOA (not a resort community).

-Some I’ve seen people mention:>Blueground>Travelers Haven>Zeus>Corporate Housing by Owner>Direct insurance relocation networks>HR partnerships with local companiesWhat’s brought you the most consistent bookings?

The costs are heavily run up by the borrower’s ability to take advantage of (1) judicial states foreclosure laws (2) bankruptcy laws (3) we as lenders having to pay taxes/insurance during borrower’s default (4) legal fees we pay to contest BK filings or other delay tactics (5) deterioration in property since loan origination.