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.

Tenant says $695k is plenty because his insurance carrier is comfortable with that limit.  

In the past, I've just hired it out if I'm not comfortable with the situation. 

I am about to buy my first property BUT ever time I try to run the numbers I do not feel comfortable giving an estimate of repairs but I also do not know who to ask.