Quote from @Drew Sygit: @Yanting Wang many investors are buying, "build to rent" properties.They are all being told that in buying a new construction property, they shouldn't have maintenance issues for 5-10 years, which will increase their cashflow/profit.Well, tenants have a way of breaking things, not taking care of problems and letting them become maintenance issues, and this is on top of the fact that most new construction properties require several warranty repairs by the builder in the first 12 months.As others have pointed out, you must live in the property for the first 12 months for an FHA mortgage or take your chances with committing mortgage fraud. do a new construction multifamily don't buy a single family for BTR the numbers are garbage. density is the only win for economies of scale, micro units as well. small, well designed multiple dwelling properties are superior. 

Granted the updated price has yet to sink in as those prices change on a second by second basis, but basically its how the stock market works just in real estate its not instant.

But.....if we can navigate this issue and not give in to the instant gratification concept some are talking about...imagine the good that can be done with the passing of generational wealth.

I have sellers of a t6-8 zoned property that would take 1 million right now I'm sure in Wynwood Norte. we can go 12 stories through max incentives and put 60 dwelling units on it. we entitle the land it becomes worth 3 million, then you have construction numbers, sale prices, etc. miami is crazy. the best way to make money from a professional in this industry for 13 years who lives in miami and looks at deals in columbus and miami is development and getting involved in early development opportunities of raw land in urban settings where there is very little risk and pushing high density.

Before I purchase an insurance policy I wanted to seek some guidance on the best way to proceed.I received 1 quote so far for a HO3 policy that has 600k+ of dwelling coverage, 70k of additional structure, 450k personal property, 200k loss of use, 500k liability, and a few extras like equipment breakdown, water backup, service line.

All such problems instantly become the new owner's once their name is on the deed. 

If the market crashes, you HELOC can evaportate in an instant.

We build multifamily dwellings and create a lot of house hacking opportunities.

NOI will be used for 2 apartment renos, followed by $10,000 city grant for each dwelling, rinse and repeat until all 20 are micro apartments.

Looking to find Rental Dwelling Insurance for my home in San Jose, CA that is leased long-term.