There's some mis-information and mis-understanding of AP, the process and it's effect in this thread.

The homeowner insurance market right now is a dumpster fire with carriers refusing to write business and creating incredibly tight underwriting guidelines.

Neither do I, thats why i was asking the process :) Any education you have on Sub To?

This clarity upfront helps set aligned expectations and creates a smooth start to the renovation process.

We have created work instructions for every step of the process so we can maintain consistency in how we evaluate properties, communicate with tenants, market our properties, handle rent increases, manage property turnover, etc..... 

Whatever it may be, WRITE IT DOWN!!!

If so you could pull equity out to begin the BRRRR process.

It’s great that you’re being thoughtful about the process!

Getting that first deal under my belt with the help of a mentor would significantly accelerate the process and build my confidence.I’m a firm believer in learning by doing—trial by fire, making mistakes, and growing from them.

As-Is, doesn't mean "as-is" if you negotiate and write your contract appropriately.