Also, keep in mind that bills like heating are not really affected by the number of occupants.

Are you getting quotes to keep it competitive? 

Most carriers prefer to cut as few checks as possible during the process.Also keep in mind that the claims process can also be delayed significantly when the claim is larger (damage is more substantial). 

Take photos of all damages, keep copies of all incident reports and communication records with your tenants, fire department, and insurance company.I would strongly consider working with a reputable public adjuster, especially for a claim of this size.

The seller loans 40% back to the seller (on a partnership agreement)  Thus, 40% of $1 million is $400,000.That $400,000 pays off your transactional lender ($200,000 plus closing costs and 2 % point) = $215,000$50,000 is utilized to renovate the propertyYou will keep the remaining balance.Since you are giving the seller a large sum upfront, you should negotiate at least a 60-month 0 interest and 0 payments on or before(5 years).  

For the most part this is to "keep up with the joneses" and impress the customer.  

Feel free to find me on IG or FB and I'll keep you updated.

Please do keep us posted.

Landlords must educate themselves on what a good property manager looks like, screen until they find a good one, then supervise that property manager to keep them on task.Far too many Landlords go for the first one on a Google search, the one with the lowest advertised fees, the flashy website, or some other superficial qualifier.

You have some drive in you, keep it up!