AS for building 3 mil more homes that will cause price rises again in lumber and other items for the house not to mention man power  .. 

Modern lumber is also a lot more prone to termite damage as it is softer and easier to consume whereas old lumber is extremely resinous and naturally termite resistant.

We have strong tenant pools so almost never have significant damages anyways (I never have on north side).

And of course the HML wont or should not allow them as a default will cause the first position lender to have to run through a full default/foreclosure to wipe out the lien. 

Don’t give them the address of the property as this might trigger an event that will cause change.

About two years ago I purchased a home damaged by a fire to rehab and flip. 

That can literally be like 50 bucks - and that is not up to youInvesting in section 8 usually means C-D class areas - Higher risk, higher turnover, higher chance of evictions, higher chance of property damage, behind on rent etc.Instead of buying a 20 unit, maybe considering scaling down and investing in a solid area. 

The best thing to do would be to consult an attorney, but likely, that is not an option for everyone starting out.I'm not an attorney, and this is not legal advice, but some of the information that we include in our contracts is:- A clear scope of work - Payment schedule / Milestones- Change order approval process- Allowances for finished materials- Reasons to terminate the contract- Expectations for start date (X amount of time after final plans /permits are received or X amount of time after the contract is executed)- General schedule and timeline (This is where you could specify an end date - however it may be better use incentives rather than liquidated damage if your general contractor is late - we've done both, but found General Contractors respond better to getting something if they get done early instead of being punished for being late. 

I recommend this cause I’ve done everything from using excel spreadsheets to other softwares and nothing was as seamless or complete as this platform.

Once I hire a GC and they start their work, I need a Builder’s Risk policy with a “Theft & Mischievous Damage” rider or a “Special Form” policy.