Consider whether an LLC is right for you—it can provide liability protection but isn’t essential for a single property, as personal liability insurance and an umbrella policy may suffice.

Always protect your downside.Until next time.

In some cases, it may not be possible to purchase and store materials, but if it is, that is one way to protect your budget and avoid a costly mistake.The last thing I would offer for you to think about is having a pivot plan. 

Bit more paperwork, but you get paid twice.Flat Fee + Profit Split (Repair Funding): You cover the repairs, but you set a minimum fee (like $15K) to protect yourself.

My firm integrated the services together and our clients have loved the one stop shopping for all RE accounting, tax, asset protection and entity work. 

In order to better protect everyone in the transaction - I have a real estate license too- so I am held to a higher standard by the state.  

My comments were geared toward the protections provided an investor after going under contract and prior to closing.  

The other benefit to verify is if you have loss protection.

Warren Buffet said the most important part of investing is to protect your principal. 

Man-Made Elevation: FEMA accounts for both natural elevation and protective features (like levees) in its calculations.Do You Still Need an Elevation Certificate?