The owner is a lawyer who believes he has gamed the system by claiming much the same thing.

In mine we regularly hit 85% and above.

Banks can take income from rental property as well, but usually they consider only 50% from the net amount if it wasn't already taxed in your annual property tax return - ie.you rent out the property in March and in September you want to include the income - it is possible but usually with 50% only.If you would ask for loan next year and have the income from the property included in your annual tax return, then banks consider the full amount or 70% from it, depending on how do you claim your expenses in your tax return.

Typically wonky spaces are treated as a "feature" like a swimming pool or shed, and value can only be given if comps that have this specific feature actually sell for more (same thing for finished basements, which we have threads on a regular basis about...

David,Insurance policies for flips are structured different than those created for buy and holds.Flipping policies will give you coverage during the renovation time period as well as any long term vacancy, usually more than 60 days.A buy and hold policy expects the property to be rented and can deny claims related to major renovations or during a long term vacancy.There are specialized insurance programs built for flipping that most flipper will use. 

They regularly provide value to the forum by answering tax questions posted by members.You may want to consider reaching out to a couple for a consultation to see if you connect well with the professional.

4) Will you visit the property regularly?

Will the builder's risk insurance provider deny coverage if I didn't list my mortgage lender and were to make a claim as some point after taking on the insurance?

@Jordan MoorheadThere are a few Solo 401k providers who post regularly on this site.

Wholesalers, real estate investors are no different, and are probably better at hiding things than regular homeowners.