For stuff you’ll be doing add that in too.. better to have worst case then over budget and no money left over to finish..Good luck with the remodel...

I got it for 45 cents of a dollar, but based on my mistake I would not bid no more than 30 cents a dollar expecially in Upset sale. 

Additionally, how should I work with my insurance company/police/contractors to prepare for the worst?

My upcoming book details an investor who lost a couple hundred thousand in her first few years due to rookie mistakes.

However, it reads as a broad release, even for misconduct or negligence, especially if they were to make a mistake on a wire.

Dont want to make a mistake that it might be someone random pretending to own the company.

Start small and make your big mistakes early.  

Here are a few common mistakes startups make when purchasing an investment property:They calculate expected annual gross income based on 100% occupancy rates.Poor property management results in tenant turnover.High vacancy rates cause lost rent.The local rental sector is experiencing a downturn.High maintenance or repair costs eat into profits.Getting rental rate wrong—either not charging enough or charging too much.Before selling your rental property, it’s crucial to determine the reasons for lost rental income.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.PM us if you’d like to discuss this logical approach in greater detail!

I made the mistake twice of not doing this and ended up in court both times.