Can anyone share what they're paying for vacation rental insurance or a ball park for insurance on a 2/2 cabin?

This is a major trust-rebuilding exercise for both of you. 

I imagine that a few of the obvious risks with doing fix and flips is:There is a delay in the rehab and it starts to eat into profit margin, or possibly even into the negativeThe house doesn't sell as soon as expected or in the allotted amount of timeThe rehab is finished and the appraiser low balls you upon the house being purchased thus effecting your end profit Here are my questions:What are other, if any, risks in fix and flipping?

This is the 3rd Time the Tenant has been aggrieved for simply exercising it's rights.

That's because there are no tax consequences to the seller until the option lapses or is exercised.If the option is exercised by the buyer (that is, the buyer buys the real estate), the sale proceeds for purposes of determining your gain on the sale of the land includes the amount you received for the option.4.

@Lei L.Hi Lei,A (2 inch) red ball sticker on the bottom of the entry door for each dog.A (2 inch) blue ball sticker on the bottom of the entry door for each cat.That way maintenance knows what they are up against, and not to leave the door blocked open allowing the pets to escape.It can also help the Fire Department (if you let them know what the colors mean).Good Luck!

And then you could exercise your option to purchase that replacement property. 

There were a couple of exercises that I did to figure out what tasks I needed hired out before I decided this was the right position to hire first. 

Low Ball 2.

We are talking dumpster worth of garbage, pots, pans, furniture, brand new unopened tools, unopened amazon boxes, multiple lawn mowers, five weed wackers and a customer bowling ball.