And then just pay the bill out of that surplus.

There are also, non-standard or excess/surplus lines options (like lloyds of london) that may also be able to write the coverage

Growing appreciation market and there is not surplus supply of multi-family properties which only boost values.

Things that will be an issue for the Builders Risk:- some living there during the reno  (that is a very tough one)- prior water of fire damage claim (many regular companies will not do this so you may have to get coverage in the Excess/Surplus market (Lloyds of london, etc...)- delay in the start of construction (you may have to insure it as a vacant dwelling then switch to the Renovation Builders Risk when you are Ready to start)

I don't remember the brand but I get them at Surplus warehouse.

I keep around a $5,000 cash savings and the surplus gets invested into a brokerage account.

Many new properties in the lease-up stage are offering concessions and we have noticed a higher than usual surplus of rental listings.Below you will find the total new multifamily units: *data provided by Johnson Perkins Griffin Apartments SurveyThe number of units planned or under construction for multifamily properties increased slightly to 10,620 units.

I anticipate that before settling for a LTR or listing, many owners are going to explore the MTR option, creating a surplus of inventory.

Thanks in advance,RonnyIf this were me, all things being equal, we can assume the 1st is at least 4 months behind (has to be by federal rule) or more so, if you know the payoff is $195,000 and can do so, bid at sale (Assuming your numbers all work) and bid enough to obtain surplus proceeds sufficient for you to walk away (Up to total debt). 3rd lien holder gets wiped out in this scenario.

If I do the math, I should be having 10 properties with a surplus of 500$ cash flow each for 5000$ overall cash flow monthly.