Purchase price: $294,500This property is currently undergoing a full renovation.Projected Rehab Budget = 110,000Projected ARV = 570,000Projected Sale Date = March 2019

My good buddy from college wasn't so lucky, he got jumped by a Grizz out fishing one day on the Russian River, didn't have time to draw and the bear chewed his face off (he survived just barely but lost his eyesight, sense of smell, entire face and part of skull, spent a year in the hospital undergoing many surgeries, etc.).  

We are undergoing renovations with the goal of upgrading tenant quality and raising rents.

On most of the websites Im finding my information there is a wait period that you must undergo before you can obtain the license, something like 45 days of residing in the state.

I had dreaded having to undergo a lengthy and costly eviction process.

But more importantly, these programs offer coverage during the 3 different possible occupancy periods without needing to change policies.If you do not go with one of these programs, you typically will have one of the 3 policies to choose from;Vacant - No occupancy and no renovations allowedBuilders Risk - Property undergoing renovationsOccupied - Either by a homeowner (homeowners policy) or tenant (landlord policy).I'll send you the companies my clients use for flipping.

This is germane because many municipalities have occupancy limits and the landlord needs to know so that that he/she (and by proxy, the tenant) is in compliance with code enforcement.You can also remind the applicant that all occupants aged 18+ must fill out an application and undergo background checks.Between these two bits of information, you can get a good idea of the family composition. 

So, if a tenant is undergoing financial stress, there is little incentive to pay the rent.

We almost didn’t purchase because it was in such bad shape and we didn’t want to undergo such a massive project for our first flip project.

There are many neighborhoods that far surpass this number of $836/mo already.... but as more of the urban core neighborhoods continue to undergo development/gentrification/residential growth.....