Consider including a requirement like this: Tenant shall obtain a renters insurance policy that includes that the carrier must provide 30 days’ notice of cancellation, non-renewal, or material change in coverage, to the Owner.Yes, require each tenant and occupant over 18 to carry an insurance policy. 

The price is hard to beat and the course material I would imagine is the same as any other.

Depending on the contractor, type of materials and labor.

Then you pay for clean up, repairs to get ready to find another tenant.When everything is done, repeat all over.Ps - roof life 10-25 years depends on the weather, woods around and materials- furnace 25-30 years- HWT 10 yearsEtcNow factor these money into the price of the house and get it inspected how old is the major parts.

Any and all help, tips, information, reading materials would be greatly appreciated.Thanks in advance. 

The rehab is charged to the project at full cost of labor and materials no discount. 

It's also important to know these skills so you can later confirm which contractors are taking advatnage of you; understanding time, quality and general material costs. 

@David Cruice Do you have any advice or reading material on how to offer a note for sale or structure a deal like that? 

I would be curious to know how many investors are really purchasing residential real estate deals with owner financing...The idea of owner financing in the context of a residential property has always seemed to me to be a bit of an urban legend; something promoted by so-called gurus to new investors hoping to get started buying deals with "other people's money" and no capacity to get a loan from a traditional lender.Let's consider the the most basic version of owner financing:  Buyer agrees to purchase property from seller. 

Looking for any contractors that I’d be willing to discuss some ideas for finishing out a basement and get just general ball park estimates for materials and labor.