So 100% of all the funky claims you could ever come up with are covered, unless they are specifically listed as Exclusions.If the premium is identical, you always go with Special/All Perils

@Alex Meneses None that I have ever heard of.

This ended up being harder than I originally expected due to a number of factors, but probably the biggest one was that I had built my business up so quickly and had completed so many properties before I ever filed my business' first tax return.

ANYONE EVER SEEN SUCH A SAVINGS?

I would love to make it to the day where I can step away from the physical end of my current business and plain and simple, spend time with my family with the ability to go where, when ever feel like it.

That sure helps you cut costs.If you ever need help evaluating a deal, or finding hard money, just shoot me a PM. 

My question to forum members is has anyone ever heard of these types of properties being a good investment?

Under delayed financing exception you can cash out what you spend initially to purchase the property or 70% of current appraisal value which ever is less.

For those of us here on BP that have been doing this forever, never ever compromise the comfort level of your numbersI have broadened my area and changed strategies many a time but I never stretch the numbers beyond my comfort zone.

If there is ever a total loss, you'll be able to recoup your equity and pay off the loan which is all you really need with these very old properties.