Also what would make you feel more comfortable doing a hard money loan with someone who hasn’t done any deals before?

About me, well I am 37 y/o, married and we have four children (blended family) ranging from (14-24 )and a grand-child. 

Qiang - Since it would be considered coastal (hurricane) territory by most carriers, premiums would really depend on what limit/value you'd need on the property, what deductibles you'd be comfortable with, and how many miles the property is from the coast. 

It's just so comforting to know that people here are helping each other to grow.  

Then, when the repairs are done you can start dumping all the rent back into the HELOC/Credit Card and pay down the debt in no time.If you comfortable with more leverage, refinance the 4plex with a different bank and pull out 80% of all your money.

People are paying $700 per night in some parts just for the seclusion, a view, and modern comforts in a camp setting.  

What price would make you comfortable buying this place and go for it.

But probably not that high.The IRS has shown some comfort level with sales to related parties as long as the following happens:1.

I, soon, will be looking for a rehab team that I can feel comfortable with.

You will own a property that has these risks and 100 more:car falls on leg of customer and he is young and incapacitated and sues you tootenant pours poisonous degreaser into public plumbing an it leaks 200 feet to neighbor properties, they sue yourobbery happens and child is trapped in the bay and survives, the parents sue youteen comes in with their helper dog who bites clients, they sue youfireman falls through the roof in a fire (chemical fire) and is disabled because the roof wasn't to code...Although you are only the landlord you have duties to health and safety of the employees, clients who walk in, and the community.Look up: Ng to the Ghost Ship landlord in East Oakland