I'm in NY and insurance companies licensed to operate in NY may not be licensed where you are.Also, I own rentals and engaged in several other businesses, and it's best to know and use an experienced insurance broker in your area, preferably a local one.I once bought a business for someone who had his business in an S Corp., didn't realized when his business get sued, lawyers normally sue the entity and the owner personally as well.

There are a number of purchase/sale/holding costs to look out for, that I compiled into this post here: https://www.biggerpockets.com/blogs/8814/70530-fix-and-flip-project-costs-purchase-sale-and-holdingI see that you're located in South Dakota, so in addition to those costs you'll also need to contend with the Contractor's Excise Tax, which is a 2% tax imposed on "prime" contractors engaged in "realty improvement projects" in South Dakota.

I look forward to engaging with you and others in the forums.

Don't respond to any subsequent texts or engage in any back and forth arguments. 

I ended up selling the house when i got engaged and bought a home in Pennsylvania with my now wife.  

When her and I got engaged 3 years ago, I purchased a new house (in my name) for us to start a family in.  

There is a wealth of knowledge to be gained and connections to be made on the BP forums stay engage and continue learning.

And what's the going rate for private money if I decide to go down that route and try to engage other investors.Learning every day and I LOVE IT!

Interested in engaging in some real estate investing activities there within the 6 mos - 1 year.

We will definitely eventually engage a professional, but I wanted to check with you knowledgable folks first to make sure I have a solid strategy going into that discussion.The house was bought >10 years ago for 800k and is now worth between 2-3.3m per Redfin and Zillow.