Most insurance is based on replacement cost which is the estimated cost to rebuild the property in the event of a claim.The easiest way to get your questions answered is to talk to a knowledgeable agent!

Amount of repair expenses/updates are determined based on property condition.

Hi there,I am Abhi and I am based out of the San Francisco Bay Area.I am new to the community and I am looking forward to connecting with and learning from folks in this community. 

When my clients refinance out of hard money loans with less than 6 months seasoning, but that done rehab, I always go with an option that has a 3 month seasoning period so that we can use the after repair value to base the refi one. 

One property is a condo (in CA) that I rent out, and the other property is a house (in NV) that I live in and rent out the other rooms.I quit my W2 job last year to start a business, which is slightly profitable today, but I reinvest everything back into the business.I have a bunch of cash saved up and am comfortable deploying $100K into another property in Las Vegas ($80K down payment + $10K furnishing + $10K margin).The only problem is that I’m not sure how to finance my next house without W2 income.I talked to a few lenders about DSCR loans, and most say they calculate rental income based on the entire house, instead of by the room.I would love to get the creative knowledge of the BP community on how to fund my next home 🙏🏼I'm also open to any lender referrals 😊

I wasn't looking for a distressed property or seller as much as just looking for a deal that made sense based on my buying criteria.

There are other groups that are worth being a part of too based on where you are.

Based on personal Experience from BP Members...Any feed back will be highly appreciated..  

Hello BP community , I am based in Houston, buy and hold will be my investing strategy.

Based on the information, would it make sense to move forward with the 2 unit property or a 6 unit one?