Also note that both builders risk and vacant house are 1) much more expensive and 2) have much more limited coverage.

The challenge of creating a comprehensive business plan, including goals and an action plan, is that your interests will change as your knowledge, skills and experience improve.

The 2% and 50% rules are quick and dirty assumptions, your debt coverage ration is a quick assessment, your average market rents can easily be obtained for a property.

You need to define the nature of your business and then sit down with a good insurance broker who can write the coverage that will match your specific areas of risk.It's important that you find a quality, knowledgeable broker.

Ordered 1500 bizz cards from vista print for $70 and then I looked into Than Merrils fortunebuilder back office software realeflow and purchased that for $99/mo which is very comprehensive and provides wholesaling training courses, leads pipes(bankrupsy,foreclosures,private lenders, cash buyers, tax liens, etc..) for your county and surrounding area, real estate website templates ( http:www.smoothsalehomes.com ) it gives automated tools for direct mail, mobile marketing, bandit signs, rehab estimates, 8 free squeeze pages.

Fixed operating costs (taxes, insurance, minimal heat) and debt service do persist regardless of the revenue stream; this is why one creates a "vacancy & credit allowance" when budgeting or analysing a property .... it is also why lenders like to see debt coverage ratios (DCR) of 120+%.You are basically asking at what point of missed revenue (vacancy or bad debt) will by boat cease to float.

Gross Annual Rent: $27,600Annual Expenses: $12,144Annual NOI: $15,456Annual Debt Service: $12,079 (25% down, 5%, interest rate, & 30 yr)That gives you a debt service coverage ratio of 1.28.

I have coverage under the homeowners policy, but what if it didn't fully cover the medical expenses?

Can I sue the HOA if they refuse to up their insurance coverage to 8.4M?

I have heard recently that HAR is expanding to state-wide coverage, but I don't know when that will be complete.