I'm not a fan of the issues or typically the fixes.

So, make sure YOU understand the copy & paste info below:Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

It is very important to have a solid team and strategy in place, because you’re taking on a lot more risk than a typical rent ready purchase.

Very few non-owner occupied property policies guarantee full replacement cost - they typically provide replacement cost up to the dwelling limit purchased. 

You will be receiving a sales pitch.

Which insurance providers or claims adjusters typically handle displacement housing arrangements?

Even if you get a great deal that is 20% below market, appraisers will typically be anchored by the last sale price and you may be stuck not being able to pull out as much cash as you need to pay off the HELOC.

I love the dedication of not giving up and eventually received a second chance. truly remarkable.

Then, I typically see them take about a half to a third of that number for the adjustment factor.

You just need confirmation from your broker the amount you would receive from the commission (if they take a cut), if you're your own broker you can authorize that yourself.