New construction properties can qualify for significant insurance discounts, but otherwise, I generally expect insurance in this area to run a little over 1% of the property’s value if it’s in decent condition.Feel free to DM me if you’d like a good insurance contact to shop around for a better rate.

To calculate Net Profit, we need to deduct: Construction Financing, Investor Capital, Overhead, Insurance, Warranty, Etc.

Insurance companies are always looking for MTR that are furnished like ours  never stays vacant more than a week.

You also need to consider that at a lower percentage of money down you will be paying a Mortgage Insurance Premium or MIP. 

With insurance rates going up, best to find areas with the lowest operating cost.

There are fees associated with going to Real Estate school, obtaining your license, joining the board and MLS for your area, getting proper E&O insurance and so forth. 

You want both customers.  

- Why didn't the contractor's insurance cover this?

Explore the possibility of doing liability insurance instead, if you don't have much equity it may be your best, and much cheaper option.  

They changed their policy promptly.It seems to me that some companies could use this as a tactic to scare customers from discussing what they feel to be their version of events.