The builder rep represents the builder, not you.

This is different than merely being a certificate holder and have appropriate insurance (builders risk and general liability). 

Sorry if that’s a dumb question just trying to get details before I talk to builders  

We even have brand new homes that cash flow more, due to the fact that the builders offer a much lower interest rate.

I’m a full time investor and builder in the Raleigh area.

-------------------------------------------I am involved in a construction project which requires a Builder’s Risk policy/coverage…something off the beaten track for most people.

As a investor / broker/ builder / pilot with 50 years in the industry the one thing that I think is dangerous though is unleashing all these beginners who really dont have the capital behind them and showing them and encouraging them how to get into properties with mortgages is others names and the sellers being to naive to understand the huge risk.  

The 2- 4 unit builders are never, ever DSCR constrained, in fact I've seen some incredible DSCR numbers when pricing 2 - 4 unit refis. 

Did you obtains builders risk and general liability policies during the renovation process?

The investors that are buying into this development are very quality high and once the builder is out and the homeowners over the HOA, it will be a really well run system.