Umbrella insurance will never come into play for Property damage (fires, storms, floods, etc.)It is liability coverage only.I'm an insurance agent and have seen umbrella claims from fatal car and boat accidents. 

But, if the deal is a true ABL play, I may not even look at a credit report at all.

He’d likely play the role of buyer’s agent, contractor, and rental listing agent—something we successfully did last June.

Older properties can be picked up for < 50% of ARV and go up in value in rapid ways with urban renewal efforts … I’ve seen this happen time and time again and so it’s worth saying, diversification is ideal.

In your ideal world who pays the buyers agent in that first time home buyers niche in Minneapolis? 

I attached some visuals to give an ideal of the type of area. 

Should I play harder and get into land development?  

I heard good things about it, but I have never played it.

That would be an ideal scenario for them. 

A HELOC on your duplex or home offers flexible, low-interest financing ideal for BRRRR, with potential tax-deductible interest if used for property expenses.