I have already spoken to the insurance company who is doubting coverage since the damage most likely occurred prior to my policy from improper winterization.Also spoke with lawyer who is doubting we would be able to prove fraud or negligence against the seller. 

This property had 2 failed sales prior to my involvement primarily due to financing (debt service coverage).

(Would also recommend these for the commercial space downstairs and the garage...can cut out on putting in full on HVAC units.Don't out kick your coverage (competition) when it comes to the finishes. 

Actually spending our first few days in it ourselves over Spring Break next week - we're excited about that, and plan to publish a comprehensive home manual for our guests based on our own experiences.1.

A comprehensive list of properties that are delinquent on their water bill does not exist.

What if I was to tell you a deal was buying at .5% gross rents to purchase price combined with a 1:1 debt coverage (meaning all NOI went to pay mortgage) and for that privilege you had to remodel 100 C class units just to sniff 1% and only then hope to resell to the next sucker for .5% again.

We found a tenant for the house, allowing us to cover the monthly cost of holding the project, while we submit a comprehensive zoning change with the county, in order to allow the construction of 16 units.

Here's a few numbers.NOI - $335,998Cash Flow After Debt Service - $104,049Cap Rate at Purchase - 8.4Average COC - 17.1%Debt Coverage 1.44IRR - 15.79%I like it because there is decent cash flow from day one, no heavy lifting to reposition the property and (NNN). 

With the umbrella coverage there is nothing to pierce.I do not know if our policy on the rentals has personal possession replacement but I suspect it does not. 

-Same with repairs-Insurance is likely to be higher if you are working with a reputable company and buying appropriate coverage-PM is typically higher than 10% once you factor in leasing fees, lease renewal fees, and other charges-Closing costs I have no idea on, so you might actually be correct there.