If you don't like these kinds of headaches then look for different investments, but there is money to be made here so if you can tolerate it then drive on.I will also say to just let the insurance company deal with it and don't worry about whether or not these people profit from their scam.

Depends on your goals, market, and risk tolerance.  

Hello all,I would love to hear everyone's opinion on situations like this, since I am still figuring out what my level of tolerability is for deals.Have a potential deal with high cap rate (20%) triplex.

I will not tolerate an unlicensed/uninsured Wholesaler to undercut me and will report them to the licensing board immediately.

Insurance will also do an ISO inspection on the property separately.If you are paying all cash then it's up to you what your risk tolerance is versus saving a couple of bucks.   

This way we don't run into any coverage issues and the underwriters can extend preferred pricing as they know they are not picking up the higher risk flips.I'll pm you and we can discuss which companies will fit your risk tolerance.

If you had your own money and a high tolerance for risk, you might buy out any other claimants to step into their shoes and permit the sale to you by the PR. 

It seems to me that everyone must understand their own risk tolerance and develop and implement a strategy that supports their position.  

The methodologies would need to quantify the appropriate level of support and risk tolerance.

Link to the details.I also suggest investigating cutting your water usage by using drought-tolerant landscaping.