I'd focus on the ROI of "doing some updates" and the strategy behind this property.

Assess your ability to secure financing within the given timeframe and whether it aligns with your investment strategy.

alot of Insurance company stop writing policy in long island NY. 

How can we guarantee that it will be insured and what can we do it it lapses?

My strategy was to manage my own and then evolved into managing for others.

He did get some money from Insurance, but not enough to properly facilitate a quality rebuild.  

It's a good idea to talk to legal and financial experts about taxes, insurance, liability, rental agreements, and managing your finances.

Stephanie is soon to be certified Bank on Yourself insurance agent and use my own policy to fund my deals.We're near the NH Seacoast / MA North Shore and would love to meet some fellow investors in the area.

Great strategy.

Which strategy i should use to find houses?