Or this is a non issue if insurance coverage is not taxable.Many other thoughts and input.

Renovations were quite a bit more than we had expected due to more issues than we were aware of.

I know people who do this and I do not believe there are issues with it, but speak to an attorney and they should probably notify the company if they are an employee of that company that they are doing this.

Want to understand more about tax issues, liability, and asset protection regarding investing in real estate.

Given the scope of your work, a simple plumbing leak would not concern me, it's a $200 issue at the most and ideally, it's just another line item when you do rough in plumbing for the kitchen.Being in a Milwaukee suburb, I am guessing it's a 1960s ranch, probably with galvanized plumbing.

Having a rock solid SOW can prevent many of the issues that arise during any project.

You've got ADA, FHA, and the Oregon Department of Agriculture issues. 

There are a lot of site-specific issues you need to investigate before deciding what the land is worth to you.

I am eager to start but can't get around the glaring issue of not having initial capital so I was wondering if there are any methods you guys would use to raise capital if you were in my shoes or is it just time to put my head down and put in long hours? 

Hard money lenders have a good amount of flex when it comes to FICO score and typically the main issue that borrowers with low FICO's have is that their max loan size gets cut which doesn't seem to be an issue here.