Ask any attorney who will give you an honest answer, and they'll say that a litigation lawyer is more likely to file a nuisance suit with little to no merit against a defendant with significant assets, than to file a legitimate suit with demonstrable merit against a defendant with little to no assets.Bottom line, in our super-litigious society, I think it's worth spending a few additional bucks to have plenty of liability coverage.

I see a lot of different sales techniques and most hold some merit.

I see a lot of different sales techniques and most hold some merit.

I am buying individual properties that must stand or fail on their own merit. 

Going forward I will always use a contractors contract no matter how bad it is because if things go sideways it hold more merit with Attorney General.

Going forward I will always use a contractors contract no matter how bad it is because if things go sideways it hold more merit with Attorney General.

I previously purchased "Rental Property Investing" and wanted to know if the information that is found in this book still holds merit, 

Just about any deal can be worthwhile depending on the merits of the deal.

The above comments are good input, but there some banks that will do construction loans based on the merits of the project (as constructed value) rather than your income. you will need to write a formal proposal (but i assume you did that for your previous loan).   

Our idea is to focus on the Fix n Flip properties and Buy and Holds as well -- depending on the location of the properties we purchase( certain areas merit flipping versus holding the properties).