In your scenario you will likely be using the security deposit to cover rent, but that should be spelled out in your itemized list that you provide.

The tenants rental property will cover all of their personal belongings and since you are using a PM company I would assume you will not be keeping any landscaping equipment, tools or possessions at the premises to need that much coverage.

I have carefully gone through the documents Lease Runner has created for Massachusetts and been very impressed with their ability to cover the Massachusetts laws in detail.

How do I get the rest of the 90% covered?

They cover Illinois and Indiana properties.

That amount will need to cover the projected All-in cost basis as a minimum.Be sure the bank will refinance based on a new appraisal after the Rehab and not based on your initial purchase price/costs.

Hi,I guess this is a newbie question, I'm sure this has been covered before but I couldn't find the exact answer for my question.I'm looking to purchase a few properties and rehab them with my own cash.

I also like to load up a cart on Amazon or Home Depot with all the materials that I need to cover, eg. appliances, flooring, fixtures, so you can nail these figures down.I forgot backsplash

You'll have your closing costs covered and you put little down.

Plus being new to Real Estate and covered by E&O insurance is a very good thing.