We want to run another 203K, this time converting a basment to ADU (Basically have to do everything: Permit, design, Egresses, full kitchen build, level concrete floors) as well as spruce up the main level.  

I suppose if someone just had a traditional homeowners and umbrella policy there could be exclusions for rentals, but any decent agent can find a policy package designed for rentals.

He’s told me he’ll help my design the fix and flip to meet the latest market trends. 

We for example, are OK with "Cabin Style" under this brand-new definition - since this issues comes up frequently:Properties with “Cabin Design (Style)” per appraisalreport are eligible if Foundation Walls = Concrete Block Roof Surface = Metal or Shingles Heating = FWA Interior Walls = Drywall or Plaster

As far as a general STR strategy, a nice 3x2 house within an hour of a major attraction is not too much to manage and can drive a nice nightly rate if you go with high end design. 

Example: a listing with a cool property but bad pictures or poorly written Airbnb listing, or maybe it needs a new design refresh or doesn't get many reviews.

All these comments about Tax, and Managing property,  is the reason we operate as an I.R.S. designated 501 (C ) 3 Tax exempt non profit association of landlords.  

The base plan for the tool that my team has created is $999/mo designed for real estate wholesalers and they love it.

I don’t wanna say anything on that, but from the real process flow, they designed the payment process intentionally to block you from get refund if you are not happy or losing money in the investment…In summary: FlipSystem uses exaggerated advertisement but not taking any responsibility on the paid customer.

Again, this system is designed as a shortcut to acquire knowledge/management/financing in already vetted markets.The goal with FS, high level, is to target 70-90k purchased homes in midwest markets and add 20-40k of value to sell turnkey rental for a 10-15K profit.Thanks!