You need a Renovation Builders Risk policy.  

Did you interview the builder?

What would be the wholesale % on a sale to a builder/flipper?

From what I understand there is not enough interest to warrant the investment the builders would need to make in approvals.Included in the pricing is builders insurance as well as inspections and permitting for the home itself.

Hope this helps so, we are a project management company that specializes in managing, operating, and subcontracting projects for builders and contractors.

Owner builder or building with a Contractor are questions I need answered plus any info I can get to improve my changes of getting a competitive loan. 

I am a realtor/builder investing very actively in the DMV area.

To fix this, the sponsor / capital raiser can do one of three things: - Capital call existing investors (who hate this and it is often perceived as a black mark on a sponsor's track record)- Let the bank foreclose, wiping out essentially all equity (obviously, this is also not a great resume builder)- Raise exceedingly expensive second position debt at a 12-15% interest rate.

My cash to close is super low due to the incentives the builder has providedMy agent thinks that as long as the area is kept up it should be fine 

I assume metal roofs in general are more expensive so thats why builders, flippers, roofing companies push them because they are better for their margins, but if you are planning on holding the asset for the long haul I have to think metal is going to last way way longer.