Insurance and LicensesThe Subcontractor agrees to maintain:General liability insurance of at least $[Insert Amount].Worker’s compensation insurance (if applicable).All necessary licenses and permits required by law.6.

Yes, my banks require a 1.2 DSCR debt service coverage ratio, meaning they want to see rent 20% higher than the mortgage payment.

Purchase price: $275,000 Cash invested: $45,000 Sale price: $400,000 Contributors: Adam Schooley This townhouse, which had gone through probate, suffered from significant water damage to the drywall and required updates throughout.

This requires more than I can type here in this reply, but essentially there can be more moving parts unless you do it in a sequence.  

It also requires gaining a level of sophistication and knowledge that not everyone has the time, inclination or ability to do.

You could house hack and use the other portion to AirBnb as then you meet the primary residence requirement in B.C.

If you ask the manager to justify a fee and he starts hemming and hawing, move on or require them to remove the fee.

Yes requires higher downpayment but can get down to 30%.  

The issue I had was that most lenders required a certain number of completed flips done under a LLC.

If you control how they perform tasks, set their hours, or provide tools, they should likely be a W-2 employee, requiring you to withhold taxes and comply with payroll regulations.