They advertise that through non grantor trust your assets are completely protected. can someone provide me info about the non grantor trust.

I would never recommend insuring a property for only it's market value if you are a newer investor and/or... finance the purchase of the property, could not afford to come out of pocket to pay to completely rebuild a useable property should a large loss occur.Yes the chances of a major loss occurring are low - but if it does happen... you could be wiped out.Example: You buy a house for $50,000 with an estimated reconstruction cost of $150,000.

I am wondering if it is worth it to buy insurance before all the appliances and renovations are complete?

I just completed my first buy and hold, and it was very minimal in rehab, at only about 5k in work.

Many folks under estimate the cost of the rehab and think that it is worth more than it is after the work is complete. 

And upon completion of the project I can get the loan refinanced to a traditional mortgage?

@Isaac Moore Man i read your post while i was in class Monday and completely forgot to reply.

I had wanted to purchase a brand new car, but this book completely changed my mind.

My 5 properties in Gatlinburg Pigeon Forge and Wears Valley remain completely occupied year round. 

Waiting on the appraisal which should be completed in a few days, it will be interesting to see if they appraise it at a 3 or 4bdrm.My current plan: Increase final selling price by 2.5k and ask for 5k back in seller concessions.