Kyler, call your a couple of insurance companies and get a formal quote so you can take this back to the seller.  

Now to be fair the company we are funding is a Civil engineering firm with deep experience..

Quote from @Joshua Piche: Im looking to move out this year and house hack my first property I’m 24 debt free still living with my parents .

What's your next move?

As a result, I had to move forward with a septic replacement.

Here in the USA you need what's called a "construction loan" and it's also very hard to find a company that will insure you if you're a newbie.

The slides list 12 well companies.

Thank youBest,SathishkumarI would potentially try starting out being a cohost in that local area or work for a cohost company .

It may sound nice to pay a 5% management fee but the extra fees can add up to be more than the other company that charges 10% with no add-on fees.

.• In 2010, I moved out and decided to put in in service as a rental unit.• I was able to keep it well occupied and leased throughout 2024.• I sold the condo unit in late 2024 for a nominal profit.That brings us to today.