If the property does not require an extensive rehab and just needs cosmetic repairs then a standard landlord dwelling policy in most cases depending on the carrier.

It wasn’t easy—there were tons of repairs needed, from plumbing and electrical updates to cosmetic fixes like flooring and painting.

Conducting inspections and due diligence on the condition of a property to derive realistic estimates for repairs is still the key.

What is your draw fee & benchmarks for the repairs portion of the borrowed money?

Often times they come back with a list of repairs that they would like to see to protect the home or mitigate liability. 90% of the time those items were on our list to fix anyway, and sometimes we even haven't done before we get the letter from the insurance company.

Looking over your numbers I'm surprised a couple of them are so low - mortgage expenses, repairs and capital expenses.

It's a very expensive repair (ballpark $15,000) and the cost depends on how long the sewer line is.A lot of municipalities here require dye tests and occupancy inspections.

Besides that, I have a credit repair and funding company that helps entrepreneurs get their businesses going.

This simple update has big implications for property owners, allowing small repairs and maintenance to be handled more quickly and affordably.

. - RentReady repairs & vacancies between tenants can blow any projected ROIs.2) Warren Buffet - go where others aren't.