However, it wasn’t clear if lawn care, snow removal, and ongoing maintenance costs are included, as they were initially listed as $0.I’ll clarify with the seller exactly what’s included in their reported expenses to ensure we have a complete picture of recurring costs and any potential gaps.the seller dropped the price from 798k to 645k.

That being said, here’s what I would recommend for a thorough DD process:-Build a plan in advance (setup a spreadsheet, meet with the team, etc)-be prepared to take a lot of pictures -document notes with each room (we use notes on Apple and share it with the team)-align the team on standardizing information (example: what does “bad” mean, what does “okay” mean, etc - everyone looks at things differently and you want to make sure the notes are accurate during your debrief)-bring in professionals for things you can see, like sewer lines hope this short list helps! 

Quote from @Chris Kittle: Quote from @Trevor Finn: Hi @Chris Kittle,Your list covers the essentials!

Insurance companies often pay for temporary housing for families displaced by things like fires or floods, and they usually cover full rent!

I'm covering the leverage and have reserves in place for any capex expenses.

My personal residence has a single basin sink and we use a drying rack similar to the one pictured below and never really even considered it a problem

It didn't occur to me when I shopped for this policy, but will our rentals even be covered due to different ownership?   

--> $50K minimum investment, with at $10K SWAN account to cover expenses related to the purchase of ONE property, including ongoing maintenance while the property is rented for a 4-5 year term. 

This is what I think I know:- The borrower can choose to pay off the note at any time (by selling the property or just paying off the loan with other funds), so it is important that the legal balance covers my investment and some profit- The borrower could file bankruptcy (can someone confirm that this will only cause delay, but not jeopardize ultimately collecting the legal balance of the note)- Most of these DOTs will have a rent assignment clause, so I could try to enforce that and collect rents from tenants (essentially manage the property) while I am holding the note and trying to foreclose.

For a flip, you'll want to get a builder's risk policy, which covers the property during renovations, including any damage from fire, vandalism, or weather while it's vacant.