Should I use my homeowner's insurance policy to cover the costs?

We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

I used a HELOC to cover the down payment, appraisal gap, and furniture, allowing me to enter the STR market without depleting cash reserves.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

The existing owner has it in a trust but it is not his primary residence. 

The challenges experienced in the cases mentioned above and elsewhere would be non-existent.

Whether it’s developing new housing complexes or refurbishing existing ones for higher-end rentals, the opportunities for capitalizing on this growth are vast.The decision by Anduril Industries to set up shop in Columbus is a game-changer, signaling a major shift in the city's economic landscape that savvy investors should not overlook.

They're pre-finished RTA, and it's usually only ~$100-150 per cabinet to install.

Second Lien Position – A first lien position is safer, but $110K may not always cover the full loan amount for a flip.

If it's the difference between $1800 and $2200 but you have to cover utilities too, not worth it.