Pre screen all tenants!!!

I'm currently looking for an insurance company to cover a high end flip ($1.6M Purch/$700k Reno) that I am in the process of purchasing.

After the sell of my house I'd want to purchase the farm, I could use the equity remaining in the hose to cover closing cost of the farm. 

Some items I understand you can purchase like a water heater but for lighting, cabinet hardware, faucets, flooring, switches, outlet covers, you can get online!

A bad tenant can easily allow their dog to cause thousands in damages, from torn screens to scratched doors to soiled carpets.

@Bob Stevens it's no different than all the novice investors coming here and asking for rental applications, basics of how to screen an applicant, leases, etc.Pretty high percentage of posts are from newbies too lazy to do any work, but they expect experienced investors to spoonfeed them for FREE and high ROI.

Interestingly, they've recently negotiated a re-purchase price with us IF we bring new funding to the table.The rehab is required for several reasons: (a) correct the damage the bank has allowed to happen to the property improvements these past few years (known problems include completely destroyed pool makeover; wild animals living inside the residence; flooring missing in sections of the rec center building; destruction of the decorative main entry gate mechanism; lots of dead landscaping; as well as latent defects not known to us such as working plumbing, HVAC & water services) AND (b) expansion & upgrading of the accommodations (converting the private residence to a 2-story lodge with the restaurant/bar, reception/check-in, movie room, public restrooms, gym/sauna/steam room/massage therapy room; enlarged pool & deck area with climate-controlled cover for year round use; conversion of former restaurant/bar building to a general store selling venue collectibles & wearables, selected pre-packaged foods, sundries, RV & camping items, bagged ice & a propane refill station; construction of a free-standing event center; free-standing cabins; enlarged & upgraded RV park with its own small restroom/coin-op laundry building; outdoor activity areas; new landscaping & fencing; new parking area & entry drives (personal car & RVs).We know our target audience having created and operated the former version of this resort for almost years creating an initial membership base numbering about 1,100. 

You qualify based on the market rents, lease agreements, or short term rent survey covering the full mortgage payment.

Double that to 40, either SFRs or unit counts in multifamily, and it should cover most people's FI number for comfortable living standards.

Covering all bases, right?