I had too many rush loans come in during that week the insurance and appraisal came in."

The Homeowners Insurance will include Builder's Risk.

We were initially looking out of state for a potential move and or investment property just because the property taxes without being able to homestead, plus high cost of insurance, and harsh weather on homes made me feel like it might not be worth it.

Here’s the situation:Purchase Price: $540,000Down Payment: 20%Mortgage Rate: 7.125% (30-year fixed)Monthly Expenses (Mortgage, HOA, Taxes, Insurance): $3,706Realistic Max Rent: $3,000As you can see, I’m currently short $706/month even with max rent.

They also have blanket insurance coverage which is much lower then policies in Philadelphia.

A conventional renovation loans will allow you to use preferred contractors, requirements are they must be simply licensed and insured.  

Not sure if they have upgraded to desktop appraisals but if they are still doing in person appraisals , make sure you get everything (scope of work, good faith deposit, social, LLC docs, insurance, proof of prior experience, financial statements) in ASAP.

I know I can get an insurance plan, but is it worth the headache?

A website like Pet Screening can help you verify and document pets to ensure they’re a good fit for your property.

By utilizing section 8 income we will turn it into a property that is insured beyond belief and make over $ 418,000 gross $320,268 net.