If you have your personal development on point you'll create habits that will skyrocket your investing success when you combine it with your acquired real estate investing knowledge.

David,Insurance policies for flips are structured different than those created for buy and holds.Flipping policies will give you coverage during the renovation time period as well as any long term vacancy, usually more than 60 days.A buy and hold policy expects the property to be rented and can deny claims related to major renovations or during a long term vacancy.There are specialized insurance programs built for flipping that most flipper will use. 

Be very careful this could possibly not be a squirrel problem but a property management problem, trying to create extra revenue

I was going to create a rough excel spreadsheet to jot down some notes, but wanted to see if anyone has a good template or a program they would recommend.Thank you in advance for your input!

You can create a separate document for the option to buy.

I wanted to share my format in a new thread and also create a list of 10 tips to use when creating a letter for a local mini campaign.

I'm considering creating another document that is completed individually to collect this data.

@Andrew Y.It depends on your loan whether you are creating a portfolio loan for both  properties or two individual loans.Check other banks for better rates.  5 years is typical in my area and amortization is either 20 or 25 years.Check with the bank if you can roll it back into a new 5 year loan.  

Create your own plan at the beginning of the project.

I've attached an image of a spreadsheet I created to analyze multifamily rentals.