You don't want to get to the closing to find out they have dropped your coverage.

I'd meet with an attorney to find out what my risks and liabilities are.I'd meet with an umbrella coverage insurance rep to figure out how to minimize and cover the risk.I'd meet with a C.P.A. to figure what my tax consequences will be.I'd also meet with a commercial loan officer to see if you can break the investment properties away into their own LLC with new fixed rate financing for the long term.Seems you have a good Plan A for acquiring, now it is time to look at protecting you and you assets.

Make sure you have proper workmen's comp insurance to cover yourself and others that are working on your property that don't have their own coverage. 

@Chun Ju ChenI agree with everyone that part of title insurance coverage is for fraud.

Great rates, many options, month-to-month so you only pay for what you use, offers coverage for Actual Cash Value or Replacement Value, offers coverage on vacant property, which can be hard to find. 

Also I apologize for not using the search function more comprehensively, but I am limited on time.From what I have gathered, loans can no longer be assumed under the table because of Dodd Frank? 

(Should be comprehensive and well beyond just credit score).

Check out www.biggerpockets.com/biz for a comprehensive idea of what BP might have to offer you!

.$144,500 Purchase Price$4,500 side credit for repairs/remodeling6% seller coverage of closing costs (about $8,000)The Appraisal from the bank came in at about $156,000.At closing I brought a mighty check of about $150.

The tenant did not mention his personal property being damaged and he should have insurance to cover his own belonging.If the tenant had renters insurance, maybe his coverage would extend for displacement and then his insurance company would go back after the landlords insurance for mitigated damages.