Current home I bought from bank as foreclosure, was a house being constructed when builder went bankrupt, I bought and finished it.  

I actually attended a free seminar from Fortune Builders and had more questions before shelling out any money that I didn't have.

Closing costs to buyTransfer taxes to buyfinancing interest cost financing points costtaxes while holdingutilities while holdinginsurance while holding (Builders risk 2 to 3 X as expensive as regular insurance)Closing costs to sell3% closing help for buyer6% real estate commissionThis is not a complete list but it will give you an idea.

I've seen many related discussions on the boards here - but none that explicitly address what I'm looking for - at least in simple terms.Here's the scenario:Project:  Rehab and flip, own for less than 6 monthsHouse built: 1930Purchase price:  $34KEstimated rehab cost:  $50KARV:  $130KHere's what I'm looking at w/ respect to a quote I'm ready to go with:Vacant/Builders Risk Insurance, 6 month policyCoverage amt:  $130K, ACV (gathering RCV is not available industry-wide for house this old)Co-insurance: 80%Liability:  $500KTheft:  $5KMy question is basically - would this be considered sufficient coverage?  

I've talked to a few builders and general cost has been in the $175 - $200 psf range.  

@Long Khang Maybe look for a local builder that would go 50% your cash 50% his and build some new construction.

I plan on using my ira for private investments with builders and rehabbers, and to acquire rental property, so I am kind of a hybrid. :)

I am a novice so I really need some advice for my on-going negotiations.Here are the facts.New constructed home SFR 2300 sqft, apparently "fell out of escrow" from another buyer and is now back into the builder's inventory.

We have Builder, Banker, Business Developer and Insurance.

The ones I have are: Waltham Black Diamond, Boston Wealth Builders and Boston Real Estate Investors Association.Other than the meetings, do you have any recommendations regarding towns that fit my criteria (distance, safety etc.)?