You can have a weighted average approach, defined by various considerations, and have expectations generally obtained for that type or property, in that geographic are, under expected economic conditions assuming prudent management taking into consideration property condition, age of a property, it's location and known variables.

You need to define the nature of your business and then sit down with a good insurance broker who can write the coverage that will match your specific areas of risk.It's important that you find a quality, knowledgeable broker.

They have been a key component of me wrapping my head around this thing and getting a plan in order.

Having a sustainable business with a mainly flip only component in market cycles over time will be tough.

The question should be "As a business what would be the most effective use of my disposable capital in order to grow my business as quickly as possible"  Specifically defining the goals and needs of your business really helps you stay on track and focus on the fundamentals of fast growth.  

The garage door is an integral component of the rental dwelling structure and as such its replacement cost would be depreciated over 27.5 years.

If you meet with him and have him define what he expects you may find a little leeway in the area that he oversees since he is the one that will be contacting you if the city gets any calls.

It really is like getting married... unless you each have clearly defined responsibilities so that everything which needs to be done is covered by someone, and then on top of that have a structure to buy one or more of the partners out of the deal in case things don't work out between you all.One of my favorite sources of properties is feuding partners who are willing to sell below market just get away from the others in the deal, don't become one of them ;)Good hunting-

The schedules will individually define what the profits and losses look like.

It's way more important that you define what a good deal is for you and go find that than any time of year.