I have a business partner who will contribute passion and knowledge of the process, but no finances, so we'd love to find another investor looking to work together, (especially another woman as we've kind of conceptualized this as a women's investment vehicle) to supplement the cash I'll have for the deal.

You will get an initial loan to buy the property in it's current state, and then a supplemental loan based of the appraised future value of the property after renovations.

If someone doesn't have a 'real' job and doesn't have enough rental property to handle that full time, then do a few flips to supplement your income and take up some extra timeandy

It's just an option, there are all kinds of real estate education options out there to supplement any professional title you want to earn in the field.

The company just interoduced property and casualty coverage.

I can see it now...Insurance binder with a bedbug coverage exclusion!!!!

No max out of pocket detailThis is a limited plan in that it provides no coverage for prescriptions. 90 day limit for inpatient hospital stay. no ambulance coverage. requires referral to see specialists and some other limitations.If you want prescription coverage and unlimited inpatient hospital coverage premium become $1751.Based on what I found in NJ if you want a complete plan with no referrals, etc then figure it will cost you around 2500+.

JD Mathieu - there is a lot of supplemental info you can find on any given property, but if the point of your call is to see if they want to put their property under contract with you...

Insurance is another consideration, the owner needs coverage, you'd want coverage and the tenant would not be covered unless they had a renter's policy.

I personally like contractors to have at least $1million in liability coverage AND worker's comp.