What kind of insurance coverage do you recommend for a fix and flip project...it will be a gut rehab as the house has extensive fire damage and everything will be replaced.

( A well written (skinny) contract, all the right protection clauses and honest disclosures... automatic extensions.)This business has so many moving parts, seller personalities, dealing with relatives and third party know-it-alls, the estate, seller's agents or lawyers --- be prepared to deal with these gate keepers! 

Again, if any of this sounds interesting to you, don't hesitate to reach out to me (replace the "0" in our main phone number with a "1" for my direct extension; look in my signature line below), and we'll see if we might be the fit for you. 

Don't send money to a property manager if you need extensive rehab done on a house.

They get about 10 deals a month but because they have such an extensive buyer list as a result of the signs, they can find a buyer for almost any lousy deal that comes along.

The  reality is you may REQUEST an extension, but it doesn't have to be honored, and of course both parties waste time and effort. 

However, a quick call to your local lenders (and I do mean lenders, call up half a dozen or so for an overview of your region) should be able to answer that question.I will say, for the path that I outlined above and with your goal of quickly scaling up to large multifamily properties, the limit on the number of loans you can hold should not come into play as your purpose for buying them is not to build an extensive portfolio, but to gain hands-on experience.

If this is a one time use or if you want to save some money you can use a couple of garden hoses connected together and make yourself some 2ft clear hose extensions to put on each end.

They are both in Fayetteville and have extensive investment experience (not to mention they're great guys).  

Then moving into fix and flip and eventually, holding properties for passive income...Over teh last few months, I have engaged myself in extensive (REI..) training.