I am contacting homeowners on the pre foreclosure list, getting contracts.

I’d suggest exploring a bridge loan that covers a portion of the purchase price along with 100% of the renovation costs.

Are the renters or the landlord expected to cover rent during the evacuation?

I THINK you could probably just expense your deductible if insurance didn’t cover 100%.

@Michael Lynch Hi Michael, I am in the exact same situation as you were with a grant on my home in 2nd position that covered downpayment and closing costs, 20% being forgiven every year.I'm curious about what you ended up doing or if you found a solution.

Any recommendations for Umbrella insurance providers for each partner to cover any liability?

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

In 2023 I bought one house, invested in one syndication, and focused on fixing up existing properties. 

Early on, rents would remain market-aligned to ensure the portfolio generates the income needed to cover expenses, pay investors, and reinvest in expansion.

Here's one of mine:I acquired a building towards the middle of the year with an existing commercial tenant.