The good news is that they want to stay broad, everyone wants to stay broad. 

At level 1, I'd say you really only need a landlord policy for the home, a commercial general liability policy for the biz, and an umbrella policy that covers you and the biz.

Week of October 20, 2025Even with the government shutdown delaying some reports, this week’s inflation and housing data brought some encouraging news!

However, I just called my current landlord policy insurer, and they said the policy will need to be switched to a commercial policy.

Good news and bad newsGood news: your wife's REPS eligibility covers you, as well.Bad news: you need to meet the material participation test with respect to these two properties.

My plan is to provide the lender with the updated insurance policy before cancelling the seller’s existing policy, ensuring there is no lapse in coverage.

A good independent agent that understands older, rural apartments can often write ACV or functional policies with higher deductibles to keep premiums reasonable, as long as you’re comfortable self-insuring some of the risk and understand that a total loss payout will be capped at that lower limit.

Only true for a normal life insurance policy.

You need to have a policy regarding this so you can answer the same way every time.

You can borrow up to 50k or 50% from these plans WHICH ever is lower- Cash value life/permanent insurance policies - these are 5-6% roughly for policy loans at the moment if you have a life policy you could consider accessing your cash value for a policy loan to fund your down payment or use the cash value within your policy as cash reserves- stocks/bonds/portfolio - you can typically use 70% of the balance as reserves or borrow a SBLOC (securities backed line of credit) on your stock porfolio at certain brokerages to access a line against the value of your stocks typically brokerages will give you 30-50%, sometimes 60% of your stocks depending on your Beta or risk of your portfolio (lower risk stocks will get higher LTV % and lower rate and vice versa high risk stocks you'll get less LTV on your line and higher rate).Hopefully that is enough ideas to jump start the mortgage planning on capital sources but you can plan ahead with these.