I know for our portal in Buildium owners can log in and run different reports like income statements, profit and loss, general ledger, etc.

I'm now considering expanding my real estate ventures into building custom homes, but I know this is an entirely different beast between the required capital, learning curve, time committment, etc. 

Each insurance company may have a different way they calculate and pay for dwelling coverage.

It could be a nice opportunity however I would be certain they will want you to make up the difference between $250,000 and whatever is left on the mortgage which btw in my opinion should be done with lender's knowledge and approval. 

As an investor (and previous Appraiser) myself, I have a little different way of looking at the vacancy, maintenance, and cap ex.

Home equity is the difference between what your house is worth and what you owe on your mortgage.

Taxes, maintenance, vacancies, management are all different on each property.

So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

Property TypeUnderstand the different types of multifamily properties:High-Rise: 9+ floors with an elevator, often urban.Mid-Rise: Smaller than high-rise, usually with elevators.Garden-Style: Low-rise apartments in suburban or rural settings.Walk-Up: 4–6 stories without elevators.Manufactured Housing Communities: Mobile home parks where land is leased to homeowners.Special-Purpose Housing:Student Housing: Designed for college students.Senior Housing: Dedicated to older adults.Subsidized Housing: Affordable housing supported by rent and income restrictions.3.

Use a payment processor to pay the original note and any wrap if there is a 2nd position secondary note that pays the seller the difference between their current mortgage and the total sale value.