Good pet owners certainly understand this.

This is unfortunately part of the game that we play.

Again, this is just an example.I probably would not recommend you buy single family homes if you want to replace your income.

Why are you losing money just to keep this guy?

I am an active real estate broker and general contractor here in Memphis and this is a great market for RE investing!

I can see why the external link made you think that it was a self-promo on a cursory review, but I do not believe that it was in this case. 

Purchase price: $90,000 Cash invested: $15,000 What made you interested in investing in this type of deal?

But if your goal is to cashflow positive from the Day 1, you may find it very challenging due to current day interest rates, high cost of construction and the fact you won't have the efficiencies of a seasoned developer building at scale.

I've asked this seller for any documentation he had and he's yet to provide anything.

If the figure of $1200 is being floated on the listing it’s highly possible the current owner is locked in and grandfathered at this price and even if you get a policy with the same insurance company your policy will be significantly more expensive.