However I am wondering what I need to have in addition to cover repairs and others things that I may not be considering.Any advice and recommendations would be much appreciated!

The best option would likely be a construction loan, which can cover both the purchase of the land and the build.

If you're going the umbrella insurance route, perhaps see if it will cover you for several things including just the routine slip and fall (like mold or earthquake).

(I apologize if the copy and paste screws up the format of the post)Standards for Philly Neighborhood and RehabsParameters:This is a rough estimate on homes that are between ~800 to ~1200 sf homes that are set up as SF 3 bed 1 baths.

This is after covering all expenses and setting aside a certain amount for reserves to cover future expenses like capex or vacancy. 

Well, BIA has got you covered.

If the rental income from your condo can comfortably cover your mortgage and leave you a little profit, moving out might make sense.

Additionally, we have authored over two hundred blog posts on our website, covering a wide range of topics, many of which focus specifically on investing in Redding, CA.

The other hurdle many run into is that you need to have funds to close and cover reserves in a US based bank account.  

His "buyers" - who could not qualify for a loan because, presumably, they could not convince the bank they made enough to cover PITI payments - inevitably defaulted, and after a few months he would evict and start all over.