Hard money is really only best for investments where you have room to cover the expenses and still make a nice profit for yourself.

I’m sorry I feel like I misspoke somewhere along the line because the picture you painted is not at all I how conduct myself!

My plan is to cover the bulk of the materials myself until I build solid relationships with contractors.Thanks again for your insight!

If you used an FHA loan you may not have built up enough to borrow and buy another.I would run the numbers... can you pull out enough equity to have a down payment and have cash flow cover your refinanced mortgage?

In a situation like this if you had an IRA the only way to cover the need is to take a distribution from your IRA, which would be subject to taxes and penalties, resulting in losing up to 50% of the amount you take out. 401k allows you to take personal loan from it without penalties or taxes, the loan has to be repaid back using amortized payment over period of 5 years. 

It's possible to have policies with the same dollar amount of coverage but be completely different on how they settle a claim and not even cover the same types of losses. 

They needed more/ updated income as time passed and explanations of how ill be able to cover the cost of the mortgage, i also purchased a multifamily through the 203K. 

If you are found to be negligent, your liability coverage would step in to cover both types of expenses.

I imagine there are less visitors, and some months where expenses aren't fully covered.

Some leaky faucets , slow drains , a broken window , a broken screen door, missing damaged facia , Eve's and saufet .wood decay around front door , a ceiling fan that doesn't work , ac with water filling drain pan , crack in garage ceiling , 1 cracked floor tile, 1 double tapped breaker , and a missing attic inspection cover .