Thanks in advance.ShaunOn (1): just like a bank did the financing - - you're on title, seller holds the mortgage.(2)  could be resolved in a Sellers Addendum, where the amount of the note and the terms were enumerated. 

Lot size is .22 acres, corner lot, in a very hot neighborhood.

John, in working with 20-30 different insurance carriers, I can tell you they are trying to fit a square peg in a round hole.  

So if there are other liens on the property they will have to either be paid off or you would need to have them placed in a subordinate position. 

I want to buy a house and rent it, and maybe sell it in a few years once the value goes up.

While it's in a "C" area, it's located less than a mile from UT and downtown.

It's a single family 3/4 BR, 2 BA in a hot area of NY's Hudson Valley, built in 1900. 

A PM won't see a board from the roof of a house that has come loose that could fall in a tenant and seriously injure them.

So I'm kind of in a weird spot.

My credit is good, but not "excellent" because of lack of credit and new accounts open in the form of credit cards, which I did to build credit. haha I do have 3 bad mark on my credit from when I was 19, that will be going off of my report in a year, thank God.