Each state has it' own insurance commissioner.You probably heard this hullabaloo about selling insurance across state lines to lower costs of Obamacare.

I do not want to deal with the rehab and timeframe involved at the moment.

Cash on cash ends up being lower when getting one of these mortgages.And you can’t beat these rates when you have a Solo401K where you can only use non-recourse loans.Mark

Is there anything else I should do to lower my initial risk?

As people with higher income move out of an area, those left behind will, on average, have lower incomes.

I watch a lot of flip shows and it seems that they are quoted a lot lower. 

So you could only receive $50k in your first 6 months ofownership since the LOWER amount is your purchase price.

There are definitely some decent spots and good people there, but the quality of tenants is lower and you should not bank on appreciation.

Thanks Jerryll Noorden So essentially you’re getting money back from the contractor for work he didn’t perform, so your rehab costs will be lower than the $120k and actually closer to $95k once you get that money back?

What is higher or lower on yours?