For the low cost of umbrella insurance, and how much it covers, I think it’s well worthwhile.

I only wish my CU from Texas could lend in North Carolina.I'm now leaning towards Champion, a small Credit Union in town that was founded in the 30's and has a good range of business lending options, and low fees.I've still got calls out to a few others.

having a difficult time using both the brrrr and fix and flip calculator because i intend to live in the property for 1 year so not a rehab. these calculators seem to assume i won't live in the property. based on the factors below, i'm hoping someone can poke holes.arv=270krepair=my father who is a general contractor is overestimating at 35k (it's definitely livable, but there's opportunity to upgrade/update such as the roof, floors, cabinets). i'd live there for a year and plan to either flip or rent after the year.annual expected property tax=$7.5klisted price is around $235k ($/sq ft is below comp average)comps within the past year for similar properties around $260-$280kpreferred profit (not too sure about this) but $20k is a target...i guess.estimated rental based on recent is $1.8-1.85k/monthi was thinking about offering $210k max, but the calculators recommended an estimated purchase offer between $160-$175k, which seems extremely low given the livable condition.what am i calculating wrong here? 

It has good schools, low crime, and it's near the hospital.

@Dax Gurr For the most part, I would recommend staying out of the inner city, certainly the low end sections of it.

Actual vacancy rates across the city are very low.

You can deny them based on low credit you would be required to provide them with the information you saw that the decision was based off.

Hi @Bryan VincentI used granite called Fantasy BrownFor Flooring I used Laminate from Lowe's

That's the average, so it can be change by outside forces such as abnormally low or high interest rates, etc.The following behaviors were exhibited at the last peak:Lenders were lending 125% of appraised value - I haven't seen this yetEveryone and their brother was buying a house, you could sell anything for crazy money - that's happening nowPeople thought prices would never come down - that's happening now where I amNew construction was hot hot hot - that's happening nowDownpayment requirements went down and LTVs went up - that's happening nowThere was very little inventory to buy - that's happening nowAre any of these hard and fast indicators? 

I started out with forms that I downloaded from bigger pockets by Michele and Bruce Fischer --podcast 79 (low-income housing), the templates that came with Buildium (our property managment software), and a lease written by a local lawyer that does the most evictions in our county.