I do have additional coverage for the sewer since I knew it may have issues before I bought the property. 

The only additional thing that needs to happen is make sure appraiser makes note of why the value increase in as is vs previous purchase price.

Very interested in the Cleveland/Ohio market in addition to a few other cross-border cities closer to Toronto. 

Additionally, the contract with the wholesaler is set to expire on Monday the 27th.

I know this is a very old thread but if anyone comes across it I wanted to add some additional thoughts that might be helpful.

If a home is titled in a trust (or an LLC), the trust or LLC should be added as an additional insured to avoid potential disputes during a claim.To confirm, we reached out to an insurance carrier, who clarified:“A carrier can potentially deny a claim if the home is titled in a trust or LLC but the insurance policy is under the individual homeowner's name.

What type of properties are you looking to acquire for your fix/flips?

I'm interested in how others structure their ALFs.2) I'm thinking of going with an SBA 504 loan to acquire the property and do the remodeling.

In both you are now paying taxes on an additional $1K/mo.

In general these are either growth markets or markets short housing that has significant hurdles to adding additional housing.