If you know of any brokerages with a flat fee per transaction or 100% commission, maybe a monthly fee, set annual fee for E &O coverage, then that is something I would be interested in checking out.

And also look at "Loss of Rental Income" coverage in case something claim related happens and the tenant has to move out you'll still be able to collect the lost rent while repairs are being made.

Westchester taxes are pretty high but I want to do a house hack and would like some input from BP community.4b3ba ~2500sqft house consisting of 1 2b1ba and 2 1b1ba built in 50s. new roof. septic ill ask agent tom if there are/were any issues with it. i'll do a house hacking since i'll go down the FHA loan route. figured i can pay as little as possible to get this moving.price 375k. it's a sellers market but i'll try to offer 320-30 and maybe settle on 345.all units are rented out at below market  value. i could get $1800-1900 for the 2bed and 1400/1bed ~4600/moannual exp @345ins 4300 - i will ask what this covers and if there's any additional liability coverage included. i will be buying under my name with liability coverage. i saw a lot of suggestions to do it under LLC. i guess I could transfer it over later on as the portfolio expands.tax 15200 (welcome to westchester)electric (620/mo tenants pay)oil (heat)/gas (cooking - 2 tanks) 2200water 450no laundry in units. i could do a hookup in the small basement for all three to use although the laundromat is 5 mins away.30 year FHA with 3.5 down the monthly exp total is 3500roughly 1100/mo - %10 main 990 with 12k or 20k with closing costs.i forgot the PMI if the DP is less than %20. idk how much that'd add to the total but I included 300 mo in my calculations for oil/gs and water which is 3600 gas and water are 2650 so hopefully the difference will cover the PMI.do the #s make sense. i could probably get a better deal outside of westchester but this will be a long term investment where it'll slowly pay itself off at a 20k initial investment.im scheduled tom to see the house. id appreciate any feedback on this idea and what to look/watch out for.i used https://www.drcalculator.com/mortgage/ for my rough calculations.thanksDom

And it has very little coverage for possessions.It is an unfinished basement.

I am buying my 1st single family home in foreclosure to fix and flip. what is the best way to get the insurance coverage for such a single family home? 

I've never had to use it, but I like knowing it's there.Things to look at: who is issuing it, any exclusions, and the price/coverage. 

Let them know you are the owner, conduct a very comprehensive screening, and use your best judgement.

Coverage is good, reasonable deductibles, reasonable rates.

I can list the insurers that would be interested in providing competitive coverage.

As REITS trade like a stock and are offered at these types of institutions you often seen more coverage of this asset type.