Invariably, a heavy tenant will break something about the toilet (even the sealing between the floor and the toilet, making it a rocking toilet... a toilet rocker) or some kid will flush something that will damage the new one.What do you do if the tenants put chlorine tablets in them?

No person shall, in trade, in connection with the sale or grant or possible sale or grant of an interest in land or with the promotion by any means of the sale or grant of an interest in land, -Make a false or misleading representation concerning the nature of the interest in the land, the price payable for the land, the location of the land, the characteristics of the land, the use to which the land is capable of being put or may lawfully be put, or the existence or availability of facilities associated with the land.”Now, for those who can't understand English or Real Estate, "Characteristics" of land include title, title rights and the right to convey title. 

Having the right insurance in place on a rehab allows your investor to protect their assets in case of natural disasters like fires, storms, and floods in addition to other unforeseen damages like those caused by theft or vandalism.What type of insurance do rehab investors need?

I would feel trapped in  my home (cash poor) and feel like I was gambling on appreciation but I am a chicken by nature .

I know of a group that has been trying to buy land for a similar operation that are either being out bid for the land or the numbers do not make sense.A couple of thoughts for you to consider:- to do this you will have to have a septic system in place - approx $10 to $15K  if there is not much rock to pound through.

If you have wood now, it's probably been there for a while.I'd also think about doing some natural Slate tile for a higher end look.

Naturally rents would increase but they had no issues with that.

The big banks are Always the worst when it comes to getting a loan closed.....it's just the nature of the behemoth.

Electric is virtually always covered by the tenant, as is cable, natural gas, telephone.

It's about procuring nature of the transaction.