No shortage of motivation here, I look forward to learning from everyone involved in this community !  

Unfortunately, if/when the company finds out the property is vacant and that you are running a construction site, they will deny any claims.A homeowner’s policy will be very inexpensive, typically much less than $1000/year.

I have my inspection tomorrow and met with the broker today and he said they were just sent a letter from a lawyer saying the seller going to be sued relating to a separate business he’s involved in.

I know there are some tax advantages involved (currently my next reading topic).

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

Still, real estate is different in that shelter is a necessity (versus say me selling pies, if I charge too much you can always buy cakes instead), which means that invariably government will be motivated to get involved.

Your accountant should be involved.

I've been involved and successful on hundreds of deals.

Tenants cant just consent to a solar company coming and installing panels on your house, you will be involved one way or another, most likely financially too.

My parents need to sell there home and I was planning on fix and flipping it for them since I've already been researching all about this investing option and know more about the logistics involved than they do.