Don't think in terms of  flood, equal insurance claim, and then contractor repairs, and back to whole.

LOC's can be great ways to do the down payment on a property while keeping your 20k cash liquid to cover repairs etc.

Maybe a week if it required a lot of work, if not just a few days to touch up paint, new occupancy permit, make w/e small repairs necessary, then move it.

Biggest focus should be on a company who isnt going to rob you blind with repairs or is more interested in getting their placement fees every few months for the bad tenants they continually place. 

Repairs are higher than you expected etc.?

Fast forward: Servpro serviced and Insurance fixed the repairs, basically everything seems new in this place, but I'm still not sure how to feel about it.

Cap Imp vs Repair Expense IRSI'm in the middle of doing some 2017 tax crunching last minute so of course I am on Bigger Pockets forum instead of finishing up my taxes :-)Anyways here's a useful tip on Cap Improvement vs Repair ExpensesMy strategy has always been to increase regular maintenance, repairs (Repair Costs) and spread out costs over time instead of the hands off approach to defer maintenance into larger Capital Improvement expenses. 

*Vacancy*Repair & Maintenance*Capx, as well as future assumptions:*Annual Income*Annual PV Growth*Annual Expenses Growth*Sales Expenses

Yes, the total payoff was 35k, ARV 115k, 50k Repairs. 

There were two repairs.