(vacancy is a major cost overlooked by many people, zero vacancy is great.) 2.

Make the tenant get a renters policy without a dog exclusion that names you as additional insured... 10 day notice of cancellation clause so you know if it lapses.

This way I could have zero cash invested after the transaction is done.

The zero interest was also an issue with the IRS for imputed interest rates, but got that cleared up with the IRS that they would not seek such determinations for NPs.

But, zero dollars have come out of our pocket in that time except for mortgage payments.  

I made sure that my lawyer had adressed the pet policy in the lease and via text notified the tenant that we needed to ammend the lease because there were more pets on the property than we'd accounted for. 

Looking for any input regarding insurance policies on flip properties.

They are able to do more challenging properties that other lenders won't take, such as turnarounds where your occupancy is at just 60%, as long as you can show attainment of a 1.30 Debt Coverage Ratio.With zero experience, partnering with someone on a first deal might make more sense, as experience is an important issue for many lenders.

I've not thought about packing the trailers so tightly, but I guess it would be 0.1 acres per trailer which would be similar to a zero lot line for a stick built - so not unreasonable.

Being moderately leveraged (50-60%) and having a comfortable cash reserve (6+ months) makes me more comfortable than having zero debt.