My husband and I have an LLC - we build spec homes.We personally own our own home on 2 acres.

Spec building is big up in Fargo/Moorhead because its cheaper to build new than to purchase and rehab.

I'm jumping into new construction south of Atlanta on a single 6 acre track. I'm looking at partnering with the builder. He has assisted me with several rehabs, so I feel like I know him well. If I provide the land an...

We're looking to build basic no frills vinyl sided 1200-1800 sq ft inexpensive spec homes to go on one off lots.

I know in my case my bank will only let me do 12 specs .. in 08 I could have had 100 specs going.. and I would have been like every other builder who got wiped out that phase.I am with @Steve Vaughan the real risk I see in the market is the short term debt on Multi family and the over building of MF in some markets.. and the syndicators penciling deals that only work at 80% or better occupancy.. these are deals that can crater in hiccup..

According to its site: The Host Protection Insurance program does not apply to liability arising from (1) Intentional Acts including: (i) Assault and Battery or (ii) Sexual Abuse or Molestation - (by the host or any other insured party), (2) Loss of Earnings, (3) Personal and Advertising Injury, (4) Fungi or Bacteria, (5) Chinese Drywall, (6) Communicable Diseases (7) Acts of Terrorism, (8) Product Liability, (9) Pollution and (10) Asbestos, Lead or Silica. 

If the place is clean, filters changed, smoke detector batteries maintained, and leaks or other maintenace reported then go to semi-annual.  

We swap the batteries every 6 months.

Perhaps compare that cost to getting a spec home version of what you're looking for. 

We build spec new construction.