They should obtain a renters' policy that both will cover their personal belongings and give you some protection for unintentional damage they cause as a result of a cooking fire or the like.Hope that helps!

Mixed use property are (or at least, can be) difficult to obtain without substantial down payment.  

Once the build and/or remodel is completed, most policies predicate that you have 30-60 days to obtain regular insurance for the premises based on what type of occupancy it is; ie, if you are moving into the property, then you would get an HO (Homeowners policy), if it's a rental, then you would obtain Landlord policy or a Dwelling Policy to actually cover the building (since you own it, but not the contents, since presumably, the tenants should obtain renter's insurance to cover their items).

Hi All, I currently have 3 properties  (purchased and partially rehabbed with cash-260k) and I'm not sure how to best bridge the gap in cash between now and I assume about 75 days or so (Expect to sell one of my rehab...

I saw that FHA loans can enable the buyer to obtain a mortgage with a smaller down payment(3.5%). 

You better check with your attorney, a good finance attorney, if you take the property through foreclosure your borrower can expect you to obtain the best price possible in an attempt to obtain any excess equity above what is owed to you.

My question would be do you all recommend obtaining your real estate license first or just get started on the deals initially?  

Obtain transactional funding for the first transaction, turn around and close again with your buyer and pick up the spread 

If you want to keep it clean just go to the secretary of state website and print a certificate of dissolution.

The out of pocket expenses are the appraisal 450, certification team or approval team 250 so 700 out of pocket front end. closing cost fees underwriting fee are rolled into the loan.