I am estimating I am 6 mos out from investing, so I am just learning everything I can in the meantime. 

Cape Coral has an average 7% yearly population growth and property values are still low (but sky rocketing) and projected estimates from Zillow see appreciation at 27% this time next year.

I estimate ten years for every appliance, regardless of price or manufacturer.

Hey BP,I am in the learning phase of the rehab process and am trying to learn how to estimate costs in my market.

Estimated cost is ~$25/month for $500k coverage and covers THEIR personal belongings, plus my house in case of their negligence.Do you as an investor require this as well?

Ask as many questions as you can, talk to as many people as you can, start practicing running numbers (ARV, estimating rehab, max allowable offer).

Historically speaking CMHC loans have taken a very long time for the analysts to crunch their numbers and approve the loans but we are being told that this process may be quicker with the select flex program but we will see. 

Increasing the capex estimate would quickly begin eating into the returns!

what is the estimated expense to build the new property?

I, generally, want to make sure I have 130-150% of my total estimated costs (acquisition + rehab) available.