If you don't need the additional cash, then I suggest just getting a bridge loan where the lender gives you funds against the As Is Value.

@Mae Dungo I personally think that spending almost $20k is an exorbitant amount of money for a mentor.

Additionally, the Courthouse Online platform is a helpful tool for property assessment data, including ownership and sale history; you’ll just need your property’s Control Number to get started.The Property Mapper is great for visuals, but it sometimes lags with the latest updates, so checking with the Recorder of Deeds or using Courthouse Online will give you the most accurate information.

My advice would be not to be pound foolish and penny wise, spend the money now and sleep safer. 

In fact it may actually complicate litigation in the event a claim were to arise while adding additional insurance expenses to your real estate operation.To explain why this is the case I’m going to ask one very simple question: In the event a tenant dispute, premises liability, or any other claim were to arise, what prevents the Plaintiff’s attorney from merely listing your wife who it seems is the property deed holder in your fact pattern as a Defendant?

Unfortunately I spend a lot of my time right now finding different carriers for clients just because their current company is purposely shrinking their business. 

I talked to an investor agent and she asked how much I'm looking to spend on first home (with rehab).

My recommendation would be to partner with Realtor for referrals so you can spend your time on what you do best.Either way, with your criteria being so specific, you'll likely end up with quality leads and an additional income source!

And, you have an additional $3k in drywall work that wasn't planned because the electrician needs to cut holes to pull the new wires.  

My wife and I have a company that invests in the Toledo area, additionally we are still building out our network.