You’ve got a sizable asset with stable tenants, but the monthly overhead is making it feel heavier than it should.

We've managed the renovations of 2 of the 3 we currently manage and one of the ones coming up. 

There is a great group of us who invest in the NL area if your looking for some folks to connect with.Now to your question, you'll find rent prices vary quite a bit in NL depending on what area of NL, but I'd be happy to give you our averages.1, 2, 3 would average $1150, $1300 and $1500. 

I appreciate all of the detail but what information was provided to the agent that wrote the policy?  

Quote from @Dennis Bragg: Hi Breeya,You’ve got a killer set of strategies already!

Quote from @Michell Chase: I am working with a hard lender on a purchase/reno and they require a builders risk policy even though 1 unit of the 3/4 will have a tenant.  

I'm trying to Figure out how to make this potential deal work.Seller wants to sell but not right away because they still use the house for some income. 

The goal of the first 3 deals will be to target 1-4unit styled homes, requiring minor-rehab.

From what I gathered thus far as an agent, a lot of trading goes on behind the scenes.

Depending upon the severity of the issue we will follow that up with a 7-day non-curable notice and get them out.