She told the builder of that subdivision this and he claims that they are full of it and he has engineering specs showing that the homes were built higher than the "flood prone" level.With this all being said, I may be jumping the gun, but do not like the week I just had hearing this news.

After clearing the lot and getting ready to pour the foundation, our builder discovered a slight discrepancy in the foundation plan which required a small change from engineering. 

Hello,I have a row house in Petworth, DC that I will be purchasing for $405k, looking at ARV of $675k, and wanted to know how much I should be paying for Builder's Risk Insurance and if these are adequate coverage.The quote I have so far are,Special Form CoverageReplacement Cost - $550,000$1,000,000 Premises Liability$5,000 All Other Perils Deductible/$7,500 Theft Peril Deductible$396.00 Monthly CostOrBasic Form CoverageRenovation ProjectReplacement Cost - $550,000$1,000,000 Premises Liability$5,000 All Other Perils Deductible$269.50 Monthly CostThe Basic coverage would cover; Fire; Lightning; Explosion (includes Sonic Boom and Water Hammer); Windstorm and Hail; Smoke; Aircraft and Vehicles; Riot or Civil Commotion; Volcanic Action; Sprinkler Leakage; Sinkhole Collapse; Vandalism/ Malicious Mischief.And Special would cover on top of Basic coverage;Falling Objects; Weight of Snow, Ice or Sleet; Water Damage; Collapse (Additional Coverage); Theft; Risk of Direct Physical Loss (subject to policy exclusions).Please provide your insight into whether this is adequate price/coverage.

My builder says I can go as low as 28 m2 / 300 square feet per studio and put in more and increase the ROI.

The biggest check I received on a wholesale deal was $292,000 (technically it was a back-to-back close) for a view property tear-down that a builder built a $1.5 million house on. 

The kitchen tile was leftover tile from our primary home that the builder had left for us in the garage.  

Nat a concern I would have is someone that age being of " sound mind and body " to enter into any contract with you.

Apparently when you start the " fix " part it is good to have some sort of builders insurance.

I contacted few of the builders for remodeling, most of them suggested to tear and construct a new home.

The worst case scenario is the builder would keep your earnest money.