I am currently working on building my RE portfolio. 

I heard on Fox News this morning that the insurance industry has identified 80 high risk zip codes. 78 of them are in Florida.Back to back Florida hurricanes aren't helping the insurance rates.I also heard on the news several days ago they believe 15% or 18% of Florida residents are planning to move to other states.

I am planning to use this business (SMLLC)  to build the houses on my lots.

If you have any feedbacks on whether having brick and mortor bank is necessary would also be appreciated.thanks

It sounds like you've put a lot of work into this renovation.First, let's break down your options:### Selling the Property- You've estimated a potential profit of $58k, which is a significant return on your investment.- Selling now would give you immediate cash to reinvest or use for other purposes.### Renting the Property- With a projected rent of $1450, you need to calculate the Debt Service Coverage Ratio (DSCR) to ensure it's viable

Considering a duplex as a primary and rent out other unit. How do interest rates play in this scenario? It would be a primary home but will I have to pay higher rates because it’s a duplex?

I appreciate your concern regarding the impact of Tropical Storm Debby on our area.

In this particular case, I have a property I'd like to get a HELOC on to then buy another property.

Any suggestions on that?

The one item I am not clear on is the 50% contingency on top of the contractor bids.