Replacement Cost however give the policyholder, subject to coinsurance provisions, the ability to rebuilt with like kind and quality, subject to the limit of insurance, for covered causes of loss.

Many policies for a personal home exclude business pursuits and as a child sequence Air BNB would not be covered.

I apologize, I have to think the scenario I'm asking about has been covered before, but haven't been able to find a discussion directly on-point to what I am going to describe.

I've been told all floors coverings need to be replaced and it needs some drywall work, small holes, and painting.

HELOCs fluctuate with the interest rate so you need to forecast if you have enough funds to cover yourself in the event of hardships where the interest rate rises, rental rates drop, vacancy rates increase etc. 

The only difference is that FHA requires the property to meet a certain standard to have their loan cover the house.

Even if the price reduction is $1K or $2K, it will still cover for some or part of vacancy cost.Good Luck!

The complaining tenant thought that water was covered by the landlord (which was not the case).

Given that I am carrying heavy debt but still holding a 600 credit score.

We enjoyed the process, kept our first as a rental and are at a place where we can begin investing and are interested in either a flip to sell or flip to own.It seems like everything in the marketplace is for cash sales and while we have about $30K at our disposal, it seems that this would cover the rehab budget in the deals we have been interested in.