Basics first. 

Basically you have a master lease to the local Chapter and they fill in the rooms as needed.Some considerations:1.

A few weeks back we talked about getting a contract signed with our realtor to sell our home, purchasing land before the sale and then buying another project house.

Lets face it, a brrr is basically a flip you don't sell. 

Rent has to be $1 or more over PITI is the basic idea. 

Analyze market circumstances, project remodeling costs, weigh risks and rewards, and do extensive due investigation on possible investment properties.

I say it depends on what kind of image you want to project.

We got a guy here in Cbus/cleveland who fancies himself something of a youtube star, his listings tend to sit for a long time because they are overpriced, his rent projections are generally pretty high and not reality, and he generally doesn't accept offers with inspection contingencies. 

In light of these circumstances, I'm seeking advice on the best financing options to address this costly project if insurance coverage falls short.

We're odd in that our project manager actually has a formal degree in Interior Design.