While shopping for home insurance, I kept receiving higher premium quotes.

I am going to be lending to an investor on a single family home.  There will be renovation of the home that is $82,500 worth of renovation. The Homeowners Insurance will include Builder's Risk.  During this renovation...

As I have not set foot in that house nor tried to make any action to live and repair the property per adverse possession.

., get them in place before discussing an increase with the tenant because it's much easier to get inspections and repairs done when the tenant cooperates.

What most people fail to realize is that most of the turnovers at least the ones I’ve seen the house will need some repairs before a new tenant is placed.

I highly recommend you study this, practice it, and apply it.https://www.biggerpockets.com/blog/rental-property-cash-flow...Property Details:Type: Single-family homePurchase Price: $289,900Down Payment: 20% ($57,980)Loan Amount: $231,920Interest Rate: 6.85%Loan Term: 30 yearsMonthly Mortgage Payment:Using a mortgage calculator, your principal and interest will cost $1,515 per monthRental Income:Average Rent for Single-Family Home: $2,171 per monthOperating Expenses:Property Taxes: $300 per monthInsurance: $100 per monthMaintenance and Repairs: Budgeting 5% of rental income ($109 per month)Vacancy Rate: Assuming 5% vacancy ($109 per month)Property Management Fees: If outsourced, typically 10% of rental income ($217 per month)Total Monthly Expenses:Operating Expenses: $835Mortgage Payment: $1,515Total Expenses: $2,350Net Monthly Cash Flow:Rental Income: $2,171Total Expenses: $2,350Net Cash Flow: -$179 per monthConclusion:In this scenario, the rental income of $2,171 per month does not fully cover the total monthly expenses of $2,350, resulting in a negative cash flow of $179.

Plus buyers might feel rushed into making a buying decision as the longer they shop, the more hours they are getting billed for. 

Purchase price: $450,000 Cash invested: $450,000 Centrally located near Shopping, Entertainment, Transportation and much more.

Then the inspector will provide a pass or a list of items that you need to repair.7. the inspector will decide what the rental rate will be for your unit. 

→ A trusted handyman could handle repairs.📌 Accounting & Rent Collection?