It cannot take action against an unlicensed individual who may be an owner or builder acting as a principal on his or her own property.The public and all licensees/appraisers should understand the following facts regarding Commission/Board investigations: When the Commission/Board initiates an investigation no one should make the inference that the Commission/Board believes a violation of the law has occurred or is charging anyone with a violation of the law.

Do your builders buy the materials like cabinets and new flooring for you?

It sounds to me like you are going to have at least $30k in the reno even using builder grade stuff.

I really haven't seen builders get burned, but I'm sure it happens.  

There has been a new development in that one applicant is a newly employed carpenter coming from the Women for Trades (or something to that effect) who is employed by a green female builder who is building ADU's (4 going now) in the Portland market.

Look for a Builders Risk policy.

In Oklahoma(maybe everywhere) it is called Builders risk policy.

Hire a good realtor that specializes in new construction and represents builders for a living.  

I personally worked for 5 years with a builder who also did flips here and there. 

One builder I spoke to said he always offers "cash", but usually that just means his bank will give him a proof of funds letter and then he figures out how to close it after that.