The way I interpret the following policy clause is that so long as the property is defined as other than "VACANT" which is the case when the property is being "constructed, altered or repaired", the 30-day time period and vacant status does not apply in this instance: We do not insure any loss at your premises if your dwelling has been vacant for more than 30 consecutive days immediately before the loss and the declaration page indicates an occupancy other than “VACANT“.

I am also wondering what to show for CAPEX schedule, if it should be anticipated expenses in future or just show the past expenses, or should it just allocate $ for each month. 

Our team has close partnerships with our local Housing Authorities across our markets and they have communicated to us that we should not anticipate any disruption.

I really commend you on getting started and executing your plan even when the project turned to be something larger than you anticipated.

Hey Brandon, Some would require some reserves, or at least to show cash to close on any new deal.Are you anticipating opening up a HELOC on your primary to get the cash needed to close? 

I would anticipate it would depend on the level of detail you desired but it has been my experience that the will do free estimates.

Even if you aren't achieving the return you anticipated.  

.): ~$1600Savings available: ~15-20% of the purchase priceCash to close: ~$34kRehab estimate: ~$34kRemaining reserves: ~$20-25kTo fully fund the rehab, I’d need to come up with an additional ~$15k in the short term, which I anticipate paying back quickly once the rental portion is generating income.

There are still a ton of roofs with blue tarps needing repair/replacement and some debris sitting curbside.  

If you anticipate selling the replacement property in a few years without another exchange, the tax deferral may only be temporary.This post does not create a CPA-Client relationship.