I already feel like I have a good base of knowledge but I'm still a little confused on the legal side of the business and there is definitely more that I need to learn.

2) I am trying to minimize expenses and explore the possibility of securing a construction loan.

A good home Inspector does not do 'Code Compliance' inspections, it's none of their business -  except to maybe just mention it.It's time to see how badly this buyer wants the house IMHO....

Depending on the article, there is between $26B and $30B under construction, and the last job fair had over 20,000 open jobs.In ConclusionWhile nothing is guaranteed, the combination of population growth and limited land for expansion virtually assures that prices and rents will continue to increase.Thanks for reading my post.

It's the most important document you have as a tool to increase revenue, reduce costs and liabilities, and be able to enforce the way you do business with tenants.

It does seem pretty busy around the ‘ville!

Having invested in a few notes I knew that getting servicing transferred and disclosures out to borrowers could take some time and it was clear Scott was a busy guy.

Luckily I have some good experience with construction, but my broker is currently working on my financing options.

@Margaret Dreesen1) You typically cannot use the SD to cover damages while the tenant is still living in the property w/o the tenant's written approval.2) Even if tenant agrees, not a sound business strategy as now you have nothing to cover possible damages when tenant moves out.3) Filing a claim on your own insurance is also business-foolish, as now your claim will track you in the insurance world for about 5-7 years and if you have another claim - may lead to cancellation or spike in premiums.4) Tenant is 100% responsible for the damages!

Your "business plan" sucks.