But based on my initial conversation with him and the written quote he sent me, the landlord policy he quoted covered any loss up to the insured amount. 

A little bit about the property:3 Unit Property - 2X 3BD 1BTH, 1X 1BD 1BTH (one of the 3bd units has a balcony)Property is roughly 2400 Sq ftThe price i bought it for is $315000 the initial appraisal for the property is a little bit more than that.  

A little bit about the property:3 Unit Property - 2X 3BD 1BTH, 1X 1BD 1BTH (one of the 3bd units has a balcony)Property is roughly 2400 Sq ftThe price i bought it for is $315000 the initial appraisal for the property is a little bit more than that.  

The initial analysis is optimistic, but I get a sense that once I go through the actual 203k process with consultants that the numbers will change, which I’m prepared to accept and not move forward if the numbers don’t support my BRRR goals.

Here's our rent raise letter... works well, even for those who initially feel they can't afford a rent raise.

I generally use "price per door" as an initial test of interest in a property.  

If all cash, do you plan on refinancing it to pull some/all of your initial cash out of the project, if so what is your timeline for that?

The sellers were initially asking $129,000.

The sellers were initially asking $129,000.

Purchase price: $380,000 Cash invested: $95,000 Sale price: $430,000 2 BR / 2 BA condo in downtown Chicago - bought initially as a primary residence, converted to a rental property, and then sold via a 1031 exchange in order to purchase a commercial property in Florida