If you replace the major components at the time you purchase IE1.

I have decided to remove the structural component from my general contractor as I don't want to risk the liability issue.

All (excluding lucky) successful fundamental investors and technical traders integrate a sound strategy for risk management, hedging is a component of what Buffet might call a fundamentally sound investment station. $66 is 1.2% of profit, if there is any chance of the described loss being incurred, risk reward ratios would insist hedging when it's cost is only 1.2% of profit.

If I recall, it's a book that he wrote that he "gives away" if you sign up on his website, which also has a paid subscription component as well...

I'm not experienced in evaluating all the different components that go together,but , i'm trying to learn.

@Arlan Potter - I get it . . . having Bigger in our name can certainly be a detriment from time to time.

I cant speak to how they look at it with regards to residential yet as I've only done one property with a residential component which was a cash deal.

I currently work for a civil engineering company and have a very good understanding of the due diligence and approval process in getting this done; however, the financial component is above my pay scale. 

The most important components that you don't get with these courses is a work habit and persistence.

. - if most of the stock you'll be looking at is colonial construction with 1500 sq ft, use that as the basis of your questions).Know every price for that house and then see how it translates to different houses by adjusting up or down according to the various housing stock you may encounter in your area.Determining the vintage of the current components in a house can help.