During this renovation period would you, as the lender, want an Actual Cash Value or Full Repair Cost policy in place?

The costs are just ridiculous though. 

Agree it is difficult to assess costs when they vary so much by location.Keep in mind that some turnovers are sickenly expensive, and that is just the nature of the business. 

The forms are online, and it costs $100 per filing. 

For a land cost of $150k, how would you think about how much the completed home would need to sell for to make that land cost worth it?

Quote from @Stacy Banks: Hello I wanted to know what does it cost to do foundation & framing for a 1,500sq ft house being built in Lehigh Acres Florida.  

During this renovation period would you, as the lender, want an Actual Cash Value or Replacement Cost policy in place?

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Does Hard Money typically cost 30-40% of the purchase price?? 

I decided to buy the property from my grandfather using a gift of equity, which allowed me to take over ownership without having to come up with the full down payment and pay for the tax lien and his closing costs.