The insurance market is hardening and underwriting and loss control are much pickier than they were over the past 5-6 years.

@Wendy Harden, we are in the exact same boat. 

Unfortunately, factors like a hardening property market, inflation, labor shortages, increased building costs, and an increase in claims frequency and severity have caused our carriers to require increases to both rates and coverage amount minimums to keep up with these market conditions.

I find there are too many hardened battles on this website where people take their approach as the only approach.  

Quote from @Nathan Harden: That ratio won't be the problem that you run into, the problem will be needing private funds for the DP.

I would prefer to take care of this first turnover personally anyway in order to make sure everything is done right so that it won't need to be done twice and that the unit is hardened up/tenant-proofed as much as possible to avoid another expensive turnover down the road. 

Seller didn't want to tell tenants before I closed, understandably.Writing this out, I think I've got to harden up on this industry ha but he genuinely seemed like a good guy who got caught in the crossfire of ownership changing hands and a short month.

The property insurance market is hardening so having someone on your team that will go to bat with you can make a huge difference (and prevent surprises). 

Quote from @Nathan Harden: Yes, this is a thing.

Quote from @Nathan Harden: Best piece of advice is to just take a leap of faith.