Essentially the market upon selling it will still bare the higher price, but the appraisal won't.  

Once you buy they are essentially out of the picture.

What are some essential items that a home warranty should cover?

Essentially, I intend to run my LLC as if I had been hired to do the work by any other client--the client will just happen to be me, wearing my real estate investor hat.

I'm creating a real estate investment company focused on multifamily properties (5-15 units) that pencil. I'll manage everything- the rehab and property manage- anything an asset manager would do with a "hands on" typ...

And Jay Hinrichs the main reason I would see in scoping a new sewer line like that is it is very common to get what they call a belly in a sewer line which is where the ground underneath sinks in one area causing essentially a low spot and can be very common due the so much change in the ground on a new construction and only wound take one rain or some ground water.

But if you're flipping here's some of the common general ledger accounts you will need.Revenue:Rental Income (in case your rent it before you flip)Sale Income (sales price when you sell it)Expenses:RET (Real Estate tax expense)Insurance ExpenseHOA Expense (if applicable)Interest Expense (if applicable)Depreciation expense (if carried over multiple years)Assets Fixed Asset - Building/home/condo (whatever you purchase), this should include all the costs associated with the purchaseFor your rehab, anything that essentially increase the value of the property should also be capitalized as a separate fixed asset (i.e. new stainless steel refrigerator, tile, new vanity etc) Inform your CPA as each will have different depreciable lives per MACRS, and this will be important if you carry for your flip over two different tax years.

Essentially what I'm trying to say, is you can't make the assertion that one asset performs better than another unless you're prepared for an apples to apples comparison.

Essentially, debt for productive or appreciating assets isn't really debt.  

Essentially if the outside door does not close all the way, there is potential for pipes to freeze, or even if the door is closed on cold nights, there is potential freeze damage.